RusHydro Starts Placement of Shares of Additional Issue
OREANDA-NEWS. December 19, 2012. JSC RusHydro (ticker symbols: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces the date of the start of placement of its shares of additional issue (state registration number 1-01-55038-E-041D of December 3, 2012), opening the of pre-emptive right period for current shareholders.
The placement of additional shares is to start December 19, 2012. The completion date for securities placement is the 30th day from the completion date of offers collection (according to the article 8.3 of the Resolution on the additional share issue), but not later than 365 days from the date of the state registration of the additional share issue.
The number of shares of additional issue is 110 bn with par value of RUR 1 per share. The shares will be placed through a public subscription.
The pre-emptive right is valid within 70 days from the date of publication of pre-emptive rights notification in “Rossiyskaya gazeta” and on the Company’s website at: http://www.e-disclosure.ru/portal/company.aspx?id=8580.
During this period the shareholders of RusHydro may submit applications to acquire the Company’s additional shares pro rata their shareholding in the Company’s share capital. The cut-off date for the pre-emptive right is October 11, 2012 (the record date for participation in the EGM which approved the increase of the Company’s share capital).
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