Moscow, 27 July 2005. State registration of the following 3 new companies to be spun off from OAO "Omskenergo" in accordance with the basic restructuring plan is scheduled for 1 August 2005:
- OAO "Omsk Electricity Generation Company";
- OAO "Omsk Management Company";
- OAO "Omsk Energy Retail Company".
As at 27 July 2005, the state registration procedure was completed by 155 new companies created as a result of restructuring of 40 subsidiaries of RAO "UES of Russia": OAO "Arkhenergo", OAO "Astrakhanenergo", OAO "Belgorodenergo", OAO "Bryanskenergo", OAO "Vladimirenergo", OAO "Voronezhenergo", OAO "Volgogradenergo", OAO "Dagenergo", OAO "Ivenergo", OAO "Kalugaenergo", OAO "Karelenergo", OAO "Kirovenergo", OAO "Kostromaenergo", OAO "Kurskenergo", OAO "Lipetskenergo", OAO "Marienergo", OAO "Mordovenergo", OAO "Mosenergo", OAO "Nizhnovenergo", OAO "Novgorodenergo", OAO "Oryolenergo", OAO "Orenburgenergo", OAO "Penzaenergo", OAO "Permenergo", OAO "Pskovenergo", OAO "Rostovenergo", OAO "Ryazanenergo", OAO "Sverdlovenergo", OAO "Smolenskenergo", OAO "Stavropolenergo", OAO "Tambovenergo", OAO "Tverenergo", OAO "Tomskenergo", OAO "Tulenergo", OAO "Tyumenenergo", OAO "Udmurtenergo", OAO "Khakasenergo", OAO "Chelyabenergo", OAO "Chuvashenergo", and OAO "Yarenergo".
Information for the attention of stock market participants:
Shares in a spin-off company are distributed among shareholders of the company reorganized through spin-off.
The shares will be distributed to the regional energos' shareholders at a ratio established in the resolution of the reorganization of the company.
Shareholders who voted AGAINST the resolution to reorganize the regional energo or did not take part in the voting on that item of business will receive shares in the newly established companies of the corresponding class in the amount equal to the number of shares of that class in the reorganized regional energo held by them as at the date of the share placement.
The date on which the shares in the spin-off companies are placed is the date of state registration of the companies established as a result of regional energos' reorganization. The new shares are to be credited to the securityholder accounts with registrars and to the securities safekeeping accounts with securities depositories in accordance with the records in the share register of the regional energo as at such date.
The shares will be credited to the security holder accounts by the Registrar to be appointed by the Boards of Directors of the newly established companies.
Share issues of the spin-off companies are expected to be registered with the regulators within one and a half months after the date of the companies' state registration. Transactions in such shares may be effected after the state registration of the security issues.
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