First day of open trading shares of TGC-5 on Russian stock exchanges ......................................
General director TGC-5 V.Lebedev: " Listing of actions(shares) TGC-5 confirms our aiming at the further growth of capitalization of the company "
On November, 15, 2006 RTS started the tenders by ordinary actions(shares) TGC-5 in structure of list securities of a category "?". Thus, Open Society " Territorial generating company N5 "
became the first territorial generating company which actions(shares) have passed procedure of listing and have been included in lists of stock exchange. The general director of the company
Vladimir Lebedev has commented on this event.
In July - at the moment of an output(exit) of the company on the share market - we put before ourselves a problem(task) to pass procedure of listing till December, 2006, and with this
problem(task) have consulted. On November, 15 TGC-5 has come in the list "?" on ?? RTS, on November, 22 we plan to pass procedure of listing on ?? the Moscow Interbank Stock Exchange.
Why for us this procedure so is important? We realize, that listing of actions(shares) on exchange platforms is purchase of the original quality symbol which is appropriated(given) to
actions(shares) of the company by investment community on behalf of a stock exchange. For TGC-5 listing is especially important as a step on a way to issue of additional actions(shares) and to
allocation of the company from Russian Open Society " UES of Russia ". Passage of procedure of listing confirms our aiming at the further increase of liquidity of actions(shares) and at growth of
capitalization of the company.
The first day in the list "?" - already is the first results?
In the first day after passage of listing in the classical market of RTS of transactions with actions(shares) of Open Society " TGC-5 " it has not been accomplished - and it is normal, in fact for the
market of sensation are not necessary. There was only insignificant expansion of a spread between the price of purchase and sale (the extreme application for sale was displaced on higher
levels: in rouble expression, on a mark 0,022 roubles about former 0,021 roubles).
The most essential value is given to participants of the market to passage of listing in the exchange market. Therefore it is possible to assume, that on inclusion of securities of Open Society "
TGC-5 " in a sheet "?" on the Moscow Interbank Stock Exchange the market will react more briskly as on ?? the Moscow Interbank Stock Exchange with actions(shares) TGC-5 consists much more
transactions, than to RTS.
It is necessary to note, that on November, 15 and 16 in share section of the Moscow Interbank Stock Exchange with actions(shares) TGC-5 transactions were already made at the price of 0,023
roubles (growth about 5 % in comparison with the average price of last weeks). Besides the tenders were accompanied by essential increase in volumes (about 10 million roubles for 2 days at a
revolution in actions(shares) TGC-5 0,1-0,7 million roubles).
Not so long ago TGC-5 declared three investment projects, to finance which, including, it is planned due to issue of additional actions(shares). At what stage today there are these projects?
These are projects on modernization of three thermal power stations in three large our power units - the cities of Izhevsk, Kirov and Chepetsk - with introduction modern gas turbine technologies
that will allow to develop more effectively electric energy and to optimize fuel balance of the company. These projects have already passed a stage of the feasibility report, are approved on the
commission under investments of Russian Open Society " UES of Russia " under S.K.Dubinin's management(manual) and authorized by board of directors TGK-5. The following stage is choice
EPC - contractors for realization of the given projects which functions will include designing, civil and erection works, delivery of the equipment, training of the personnel and commissioning - is
precise in the set terms.
To conclude such contracts, we have begun preparation for carrying out of the tender which will be declared in February, 2007. In particular, for the decision of the given problem(task) we now
involve the technical and legal advisers having sufficient experience of realization and support of such projects.
If before IPO you have already passed procedure of listing and pass to a stage of realization of projects, one more essential moment - release of the financial reporting under the international
standards. When you plan to let out(release) the first report?
We plan to let out(release) the first report in June, 2007. It will be the report on financial results of 2006 in comparison with the consolidated information on activity of the regional generating
companies in contour TGC-5 in 2005.
Logically, continuing conversation on investments and the reporting to assume, what TGC-5 plans to develop the social reporting? Today it is characteristic feature of the successful company, an
integral part (of) management, the important condition of increase of capitalization and attraction of investments.
Really, it is one of the major tools for strengthening trust of the public, shareholders and investors, so necessary Open Society " TGC-5 " before an output(exit) on IPO. And the more important for
us to strengthen this trust it is systematic. Being the infrastructural company, we understand, that the guarantee of our long-term, mutually advantageous and transparent attitudes(relations) with
strategic shareholders in many respects is caused by performance of obligations by us on creation of a favorable investment climate and strengthening of positive image of the company.
The first results of this work will be reflected in the social report which brief version, business and political elite will see already in the middle of December, 2006 in Russian and English
languages. The full variant of the social report of Open Society " TGC-5 " plans to present the public in the beginning of 2007.
Open Society "TGC-5 " has already started development and realization of the program of actions which performance assumes not only close cooperation with all interested parties(sides), but
also correlation of strategy of development of Open Society " TGC-5 " with programs of regional and municipal development, including realization of national projects, with strategy of
development of key consumers and suppliers.
When Open Society " TGC-5 " only it was created, we staked on complex development of power in economic space of regions in which territory we carry out activity, spoke about necessity of
effective dialogue of authority and business. The social report is an acknowledgement(a confirmation) of our intentions on socially responsible(crucial) business dealing directed on reliable and
uninterrupted satisfaction of needs(requirements) of the population and business - community in electric and thermal energy.
On November, 16, 2006, 18:50
(computer translated - minor editing) |
