OREANDA-NEWS. August 30, 2011. JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces the results of the Board of Directors meeting, reported the press-centre of RusHydro.   

The Board of Directors approved the valuation of the following assets that can be used as payment for shares of RusHydro of the new issue:
 
Company                                                           Type of shares                 Price per share (RUR)
JSC RAO Energy Systems of East                      Ordinary                          0.5199125634647
JSC RAO Energy Systems of East                      Preferred                         0.5199125634647
JSC Far-Eastern Energy Company (JSC DEK)     Ordinary                           0.2126298529112
JSC Yakutskenergo                                           Ordinary                           0.6032273765104
JSC Yakutskenergo                                           Preferred                          0.6032273765104
JSC Sakhalin Energy Company                          Ordinary                           722.0602526724980

The valuation of shares was done by an independent appraiser - LLC Institute for Enterprise Issues (St. Petersburg). JPMorgan and Morgan Stanley provided opinions to the Board of Directors of RusHydro regarding the valuations of the assets.
 
The Annual General Meeting of shareholders of RusHydro approved an increase of the Company's authorized share capital by issuing 89,000,000,000 additional ordinary shares with a par value of RUR 1 per share on June 30th, 2011. Later, the Board of Directors approved the price of additional ordinary shares of RusHydro (including for pre-emptive buyout) at RUR 1.65 per share and also approved valuations of shares of the following joint stock companies and non-cash assets that will be accepted as payment for shares of the new issue:
 
-  JSC Boguchanskaya HPP (ordinary and preferred shares);
-  JSC Geoterm (ordinary shares);
-  JSC Zaramagskiye HPPs (ordinary shares);
-  JSC KamGEC (ordinary shares);
-  JSC Pavlodolskaya HPP (ordinary shares);
-  JSC Ust'-Srendekanskaya HPP (ordinary shares);
-  JSC Kolymaenergo (ordinary shares);
-  JSC Trest Hydromontazh (ordinary and preferred shares);
-  JSC Irkutskenergo (ordinary shares)
-  right-bank dam of Bratskaya HPP
-  left-bank dam of Bratskaya HPP
-  am of Ust'-Ilimskaya HPP
-  right-bank dam of Irkutskaya HPP
-  left-bank dam of Irkutskaya HPP