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June 8, 2007

Volga TGC has more than 19 thousand owners

Shareholders of Samaraenergo, Saratovenergo and Ulyanovskenergo received shares of OJSC Volga Territorial Generation Company. On June 5, Central Moscow Depositary informed the management of Volga TGC of successful completion of technical procedure that allowed Samaraenergo, Saratovenergo and Ulyanovskenergo shareholders to receive shares of the generation company.

On June 5, Central Moscow Depositary informed the management of Volga TGC of successful completion of technical procedure that allowed Samaraenergo, Saratovenergo and Ulyanovskenergo shareholders to receive shares of the generation company. It is appropriate to recall that in 2004-2006 Samaraenergo, Saratovenergo and Ulyanovskenergo have undergone reorganization, that resulted in detachment of thermal power stations, that merged into Volga TGC. The procedure of Samaraenergo, Saratovenergo and Ulyanovskenergo shares conversion into shares of Volga TGC enabled the shareholders of Samaraenergo, Saratovenergo and Ulyanovskenergo to retain their property after Volga-basin power companies split and reformation.

After the conversion shares of Volga TGC are in possession of 19 114 natural persons, 149 legal entities and 22 companies that are nominal holders of Volga TGC shares. In addition 54,47% shares of Volga TGC are in possession of RAO UES of Russia and 45,53% shares are owned by minority shareholders, including nominal holders, major of which are Depositary Clearing Company, Eurasia bank, Citibank and National Depositary Center.

Authorized capital of Volga TGC consists of 26 116 076 165 shares of 1 ruble nominal value each. Shareholders of Volga TGC are supposed to settle bargains with securities on over-the-counter market in late June 2007 after reports on Volga TGC shares issue registration by FFMS. Introduction of TGC-7 shares to Russian stock exchange is scheduled for August 1, 2007.

For reference

OJSC “Volga Territorial Generation Company” (TGC-7) was founded on August 1, 2005 within the frame of Samara, Saratov, Ulyanovsk and Orenburg power systems restructuring project.

Basic activity of the company is production of thermal and electric power, electricity sales on wholesale market, heat supply to municipal and industrial consumers.

In total Volga Territorial Generation Company incorporates 21 stations of total capacity of 6 879.7 MW for electric power and 30 687,2 Gcal for thermal power. Volga TGC is the second largest TGC in Russia in terms of installed capacity.Total headcount of Volga TGC enterprises is 20 616 employees.

 

 

 

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