The Russian Federal Service for Financial Markets (FSFM) has registered an additional issue of ordinary shares of JSC RusHydro (ticker symbol: HYDR; MICEX, RTS and LSE) placed via an open subscription.
The number of shares in the additional issue is: 19,000,000,000 ordinary shares with a par value of 1 ruble per share.
The total value of the additional issue (based on the nominal value) is: RUR 19,000,000,000.
The state registration number 1-01-55038-Å-038D has been assigned to the additional issue.
Both monetary and non-monetary funds will be accepted as payment for the additional shares.
The decision to increase RusHydro’s charter capital was adopted at a general meeting of the Company’s shareholders on June 10th, 2009.
The price for the additional placed shares (including for persons included in the list of shareholders that have pre-emptive rights for additional share acquisition) will be defined by the Company’s Board of Directors according to Articles 36 and 77 of the Russian Federal Law “On joint stock companies.” The information on the price for the additional share placement set by RusHydro’s Board of Directors will be disclosed when due hereunder (on the News Wire and also on RusHydro’s corporate web site), and also will be contained in the Notice on the opportunity to exercise pre-emptive rights for the additional share acquisition.
According to Article 40 of the Russian Federal Law “On joint stock companies,” shareholders of RusHydro (irrespective of their participation in the vote on the question of increasing charter capital and/or on the voting procedure) have the pre-emptive right to acquire additional shares in a quantity proportional to the quantity of shares belonging to them (as of the date of drawing up the list of persons having the right to participate in the general meeting of shareholders, which in this case was April 30th, 2009).
Also on November 19th, 2009, the Company obtained FSFM permission to place and circulate an additional 283,100,000 additional shares outside of the Russian Federation, allowing the Company’s depositary receipt (DR) holders the possibility to exercise their pre-emptive rights (in an amount in proportion to the quantity of Company DRs that they held as of April 30th, 2009).
Notices on the state registration of an additional share issue for the Company and on the opportunity for shareholders to exercise pre-emptive rights to acquire additional shares according to current Russian legislation will be published in the Russian newspaper "Vedomosti" and will also be placed on RusHydro’s corporate web site.
The securities prospectus is registered by the FSFM simultaneous to the state registration of the Company’s additional share issue and is placed on the Company web site under the section “For investors”/ “Securities Issue documents.”