FFMS Registers Issue of Shares of Hydro-WGC Amounting to Over RUR 103.95 bln and Share Issue Report
22.02.2005
RBC
The Federal Financial Market Service (FFMS) of the Russian Federation decided to register the share issue report and the issue of ordinary registered uncertified shares of Federal Hydro Generation Company that were placed by means of acquiring by the only founder of the joint-stock company at the time it was established, the FFMS Press Center reports. As per the share-issue decision submitted to FFMS, the issuer placed 103,951,322,702 shares, each with a par value of RUR 1. The share issue totaled (as per the nominal value) RUR 103,951,322,702. The state registration number of the issue is 1-01-55038-E.
On January 1, 2005, the Board of Directors of Hydro-WGC approved a decision to issue securities and a report on the results of the issue. In late December 2004, the RAO UESR Board of Directors, for its part, authorized participation of the power holding company in establishing Hydro-WGC as a wholly-owned subsidiary. Hydro-WGC’s equity capital, amounting to RUR 103,951,322,702, is divided into ordinary registered shares, each with a par value of RUR 1. The shares are to be paid for within three months from the state registration of Hydro-WGC, with the mode of payment being property assessed at RUR 103,849,527,702.47, and monetary resources in the amount of RUR 101,794,999.53.
At the first stage, the balance of Hydro-WGC will include shares of the following subsidiaries of RAO UES of Russia: Volzhsk Hydropower Plant, Zhigulyovsk HPP, Votkinsk HPP, Neporozhny Sayano-Shushenskoye HPP, Zeya HPP, Boguchany HPP, Bureisk HPP, Zaramagsk HPPs, Zelenchuksk HPPs, Kabbalk HPP, Sulakenergo, Nizhni Novgorod HPP, Saratov HPP, Kama HPP, and Cascade of Upper-Volga HPPs. |
