RusHydro placed 0.08% of additional share issue following execution of the pre-emptive right by shareholders
January 11, 2017. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces the results of execution of pre-emptive right to acquire Company’s shares of additional issue (state registration number 1-01-55038-Е-042D of December 7, 2016) by eligible shareholders.
During the pre-emptive right period RusHydro placed 33,348,661 additional shares priced at RUB 1 per share, or 0.08% of the total volume of additional issue (40,429,000,000 shares with a par value of RUB 1).
RusHydro’s shareholders as at December 2, 2016, could exercise the pre-emptive right from December 13th to December 28th. During this period shareholders could submit applications to acquire the Company’s shares of additional issue pro rata their shareholding in the Company’s charter capital and pay for the shares in cash.
Thus, the amount of funds contributed to RusHydro’s charter capital totaled RUB 33,348,661.
The start date of the second stage of placement, open subscription, will be determined later, in compliance with regulatory requirements.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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