RusHydro announces the start of open subscription to shares of additional issue
February 6, 2017. Moscow, Russia. PJSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that open subscription to Company’s shares of additional issue (state registration number 11-01-55038-Е-042D of December 7, 2016) starts on February 7, 2017.
Offers to purchase shares can be submitted within 8 business days from the date of publication of the invitation to submit offers in the regulatory filing on Interfax wire and on the Company’s website. RusHydro reserves the right to prolong the period of accepting offers, providing that the end date of this period is no later than 25 business days prior to expiration of a 1-year term since the date of the state registration of shares of additional issue. In this case, RusHydro will notify of extension of offers collection period.
The offers will be collected by RusHydro.
In accordance with p. 8.3 of the Decision on additional issue of RusHydro’s shares, the Company reserves the right to accept or decline received offers on its own discretion.
The invitation to submit offers is published on the Company’s website: http://www.eng.rushydro.ru/investors/stock-market/shares/additional-share-issue-2016-2017-40-429-bln-shares
RusHydro’s Board of Directors approved the increase of the Company’s charter capital by issuing additional shares on November 22, 2016. Total amount of additional issue is RUB 40.429 bn, the shares are placed through open subscription, the price of placement is RUB 1 per share. The detailed information on additional issue of shares is available at the Company’s website: http://www.eng.rushydro.ru/investors/stock-market/shares/additional-share-issue-2016-2017-40-429-bln-shares
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.
Shares / ADR