JSC RusHydro Announces Opening of Pre-emptive Rights for Additional Issue
JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that it has published in Izvestia newspaper notification that the period has opened to acquire shares of the additional issue by exercising pre-emptive rights. Notification was also placed on the corporate web site (http://www.rushydro.ru). The additional issue in question was registered by the Russian FSFM (Federal Service for Financial Markets) December 2nd, 2010, with a state registration number for the issue of 1-01-55038-Е-039D. The total issue volume is RUR 1,860,000,000. The issue is being placed via open subscription.
The pre-emptive right is valid for 45 days. During this period, JSC RusHydro's shareholders can submit an application to acquire additional shares (pro rata to their stake in JSC RusHydro's charter capital as of September 14th, 2010) and pay for these additional shares. The cut-off date for the pre-emptive right is September 14th, 2010- the date when the list of shareholders entitled to participate in the EGM, which adopted the decision on the charter capital increase, was compiled.
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.