OREANDA-NEWS. August 17, 2011. On June 29, 2011 at the annual general meeting the shareholders of the OJSC “TGC-9” (part of IES-Holding) approved an issue on increase of the registered capital of the company by an additional floatation of the registered ordinary uncertified shares for public subscription. According to this decision, TGC-9 is entitled to place 50 trillion shares with a total value of 150 mln. rubles.

Hence  OJSC “TGC-9” shareholders made a critical decision required to start consolidating generating and trading assets of IES-Holding starting from OJSC “TGC-9”.

It is assumed that the OJSC “TGC-9” will implement additional issue of shares in the second half of 2011. The shareholders of generating companies of IES Holding (OJSC “TGC-5”, OJSC “TGC-6”, OJSC “Volga TGC”) will be able to exchange their shares for the additional shares of OJSC “TGC-9”. The price of the additional stock floatation of TGC-9 will be determined by the Board of Directors of OJSC “TGC-9” after the period of preemption right for the additional shares of OJSC “TGC-9” is over.

At the meeting, the shareholders also approved the annual report and financial statements for 2010. According to recommendations of the Board of Directors and the decision of the shareholders no dividends will be paid for 2010. The income will be mostly directed to invest in construction of new generating capacities and to implement priority investment projects.

Besides, the shareholders elected the new members for the Board of Directors of OJSC “TGC-9” composed of 13 members:

·       Vyacheslav Valerievich Bateikov Closed Joint-Stock Company “Integrated Energy systems”, Director of Investment Projects;

·       Arkady Borisovich Kats;

·       Andrey Petrovich Primak, Moscow Branch of Renova Management AG (Switzerland), , Chief specialist of the Corporate Property Department;

·       Valery Pavlovich Romanov, Closed Joint-Stock Company “Integrated Energy systems”, Director of Economics Security and Safety Regulations;

·       Mikhail Evgenievich Kharitonov, Closed Joint-Stock Company “Integrated Energy systems”, Head of the Department of Asset Accounting and Corporate Events Provision;

·       Vladimir Iliich Khvostov, Limited Liability Company “Renova Active”, Deputy Director General – Inspector;

·       Mikhail Viktorovich Azovtsev, Closed Joint-Stock Company “Integrated Energy systems”, Director of Mergers and Acquisitions;

·       Natalya Valentinovna Bondal, Closed Joint-Stock Company “Integrated Energy systems”, Head of the Finance Department;

·       Evgeny Permankulyevich Klychev, Closed Joint-Stock Company “Integrated Energy systems”, Deputy Head of the Government Relations Department;

·       Yakov savelievich Tesis, Closed Joint-Stock Company “Integrated Energy systems”, Deputy Director General, of Corporate Management;

·       Elena Vasilievna Alferova, Limited Liability Company “Accounting and financial service”, Deputy Director General of Accounting and Reporting;

·       Vladimir Antonovich Molchanov, Limited Liability Company “Ural Metallurgical Company”, Director General; 

·       Gerald Joseph Rohan, International Business Consultant, Director General of RJC.

and members of the audit committee:

1.     Alexander Yurievich Budanov, Closed Joint-Stock Company “Integrated Energy systems”, Deputy Head of the Internal Audit Department;

2.     Vladimir Borisovich Vakhmistrov, Closed Joint-Stock Company “Integrated Energy systems”, Chief Specialist of the Internal Audit Department;

3.     Maxim Nikolaevich Danilov, Closed Joint-Stock Company “Integrated Energy systems”, Head of the Internal Audit Department;

4.     Alexander Lvovich Matyushov, Closed Joint-Stock Company “Integrated Energy systems”, Manager of the Internal Audit Department;

5.     Vladimir Alexandrovich Yudin, Perm Branch of Open Joint Stock Company “Territorial Generating Company #9”, Head of the Internal Audit Department.

CJSC “KPMG” is approved by the shareholders meeting to be the auditor of the Company. There were represented shareholders handling 89.27% of Company’s shares at the meeting.