JSC RusHydro launches the Global Depositary Receipts programme
One of the most significant steps of the Russian power sector reform came to an end on the 1st of July 2008. The world’s largest power monopoly RAO "UES of Russia" ceased to exist.
The formation of the target model of JSC RusHydro was completed on 1st of July 2008. JSC RusHydro has since become one of the key successors of RAO "UES of Russia", both in terms of energy production (JSC RusHydro’s share of the Russian power sector is 15%), and as an equity issuer: JSC RusHydro’s shares are traded on the Russian stock exchanges MICEX and RTS. JSC RusHydro is the leading Russian power generating company and the world’s largest quoted hydropower generating company with the capacity of 25GW including 50 power generating assets. The Company is the leading provider of renewable energy in
At the final stage of the reorganisation of RAO UES, on the 18th of June 2008, JSC RusHydro launched the Global Depositary Receipts ("GDRs") programme to improve liquidity of the Company’s shares and to enforce compliance with the rights of RAO UES’s shareholders. The Bank of New York is the Depositary Bank.
The GDR Reg S will be traded on the over-the-counter market outside of the
At the first stage the depositary bank will provide the issue and distribution of GDRs of JSC RusHydro to the existing shareholders of RAO UES. Due to the shceduel of GDR programe the existing shareholders of RAO UES will be able to apply for the GDRs of JSC RusHydro until the 7th of July 2008. The allocation of the GDRs to the existing shareholders of RAO UES is expected to be completed by the end of July.
For Further Information:
Additional information can be obtained on the website of The Bank of
JSC Rushydro contacts:
Evgeniy Druzyaka — Head of Communications Department
Tel: +7 495 540 30 12 (ext. 1019)
Irina Volodina — Investor Relations
Tel: +7 495 540 30 12 (ext. 1077)
∙ The leading Russian power generation company and the world’s largest quoted hydropower generating company by installed capacity.
∙ JSC RusHydro is
∙ The total installed capacity of JSC RusHydro is 25,01GW.
∙ The production of electric power reached 82.3 TWh in 2007, the consolidated revenue was US$1.96bn.
∙ In February 2008 JSC RusHydro’s shares started trading on the Russian stock exchanges MICEX and RTS.
∙ As a result of reorganisation of JSC RusHydro’s shareholding structure, the Government of the
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Shares / ADR