OGK-2 and OGK-6 Approved Reports on Results of Shares Redemption
OREANDA-NEWS. August 25, 2011. Total of shares that were requested for redemption:
JSC “OGK-2”: 11 637 430 084 shares of the total sum 20 016 379 744 rubles 48 kopeck that exceeds 10% of the net assets value of the Company.
JSC “OGK-6”: 11 495 413 667 shares of the total sum 16 093 579 133 rubles that exceeds 10% of the net assets value of the Company.
As the total sum of shares that were requested for redemption exceeded the quantity of shares which may be redeemed by the Companies, the redemption of shares will be effected proportionally.
According to the decisions of the Boards of Directors of JSC “OGK-
JSC “OGK-2”: 2 351 934 227 shares. The cost of one share redemption was determined on the April 25, 2011 by the Board of Directors of then Company in the amount of 1, 72 rubles. The total sum of funds allocated by the Company for shares redemption is 4 045 326 870 rubles 44 kopeck (10% of the net assets value of the Company – in accordance with the Federal Law “On Joint-Stock Companies”). Thus, the Company will redeem 20,21% of shares requested from each shareholder, who has filled the requirement in appropriate way.
JSC “OGK-6”: 3 025 583 086 shares. The cost of one share redemption was determined on the April 25, 2011 by the Board of Directors of the Company in the amount of 1, 4 rubles. The total sum of funds allocated by the Company for shares redemption is 4 235 816 320 rubles 40 kopeck (10% of the net assets value of the Company – in accordance with the Federal Law “On Joint-Stock Companies”). Thus, the Company will redeem 20,32% of shares requested from each shareholder, who has filled the requirement in appropriate way.
The redemption will be effected by the Companies in due time - September 4, 2011.
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