RusHydro Appoints a Broker for Additional Share Issue Placement
JSC RusHydro (ticker symbol: HYDR; MICEX, RTS, LSE; RSHYY; OTCQX) announces that it has appointed the investment company OAO IC «Eurofinansy» as its broker to provide services for placing the additional share issue (State Registration Number: 1-01-55038-Е-040D dated August 16, 2011) during the period of open subscription to shares.
The broker's responsibility will include: receiving and registering offers, as well as delivering receipts acknowledging said offers on behalf of RusHydro. The broker will not be empowered to accept or reject any offers.
The Annual General Meeting of shareholders of RusHydro approved an increase of the Company's authorized share capital by issuing 89,000,000,000 additional ordinary shares with a par value of RUR 1 per share on June 30th, 2011. The Board of Directors approved a decision on additional share issue and Prospectus of the issue on July 29, 2011.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One 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 and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.
Shares / ADR