Deals



Vostok-Finance LLC acquires shares of RusHydro


Posted: 24th February 2016 08:09

PJSC RusHydro announces that Vostok-Finance LLC (100% subsidiary of PJSC RAO ES of the East) acquired 87,794,527 (or 0.023%) shares of RusHydro in accordance with the agreement No.1 of January 20, 2016, and then alienated 86,069,885 shares as a result of the voluntary tender offer. As a result of this transaction the share of Vostok-Finance LLC in charter capital of RusHydro amounted to 0.0008363% (or 3,230,424 shares).

In accordance with the agreement No.1 of January 20, 2016, JSC Hydroinvest (a subsidiary of RusHydro) alienated 87,823,258 (or 0.023%) shares of RusHydro. As a result of this transaction Hydroinvest's share in charter capital of RusHydro decreased from 3.57% (or 13,808,148,250 shares) to 3.55% (or 13,720,324,992 shares).

About RusHydro

RusHydro Group is one of Russia's largest generating companies. RusHydro is the leading producer of renewable energy in Russia with over 70 generating facilities in Russia and abroad. The company also manages a number of R&D, engineering and electricity retail companies. Group's thermal assets are operated by subsidiary - RAO Energy System of East in the Far East of Russia. Total electricity generation capacity of the Group is 38.5 GW, heat capacity - 16.2 thousand GCal/h.

Russian Federation owns 66.8% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on Moscow Exchange (MOEX), and included in MSCI EM и MSCI Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.


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