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Moscow, 20 November 2009. Open Joint Stock Company INTER RAO UES (Moscow) informs that on November 19, 2009 the Federal Financial Markets Service (FFMS of Russia) registered a report on the results of issue of ordinary registered non-certificated shares of JSC INTER RAO UES in the amount of 2,274,113,845,013 shares with the nominal value of 0.02809767 rubles each, placed by way of conversion of shares into shares of the same category (type) with lower nominal value.
It would be recalled that the decision to reduce the charter capital of JSC INTER RAO UES to 63,897,300,359.60641971 rubles by reducing the nominal value of ordinary registered non-certificated shares of the company to 0.02809767 rubles each taken by the Annual General Meeting of shareholders of JSC INTER RAO UES on June 25, 2009 was dictated by the requirement of clause 4, article 35 of the Federal Law “On Joint-Stock Companies” No.208-FZ dated December 26, 1995. It says that if upon the end of the second and each subsequent fiscal year, in accordance with the annual balance sheet offered for approval by the company’s shareholders, the amount of net assets of the company is less than its charter capital, the company is obliged to declare reduction of its charter capital to the amount not exceeding the amount of its net assets.
In accordance with the accounting reports of JSC INTER RAO UES for 2008 the authorized capital of the Company exceeds the cost of its net assets. This imbalance of indicators was formed in 2008 in the result of reorganization of the Company in the form of affiliation of CJSC INTER RAO UES, JSC Severo-Zapadnaya TETs, JSC Ivanovskiye PGU, JSC Kaliningradskaya TETs-2 and JSC Inter RAO UES Holding separated from JSC RAO UES of Russia.
The Federal Financial Markets Service registered the decision on share issue and prospectus of ordinary registered non-certificated shares of JSC INTER RAO UES to be placed by way of conversion into shares of the same category (type) with lower nominal value on October 29, 2009.
In the result of conversion carried out on November 5, 2009 by the Company’s registrar – JSC Central Moscow Depository – each ordinary registered non-certificated share of JSC INTER RAO UES with the nominal value of 0.1 ruble, issue state registration number 1-02-33498-E, was converted into an ordinary registered non-certificated share of JSC INTER RAO UES with the nominal value of 0.02809767 rubles, issue state registration number 1-03-33498-E. The shares of issue state registration number 1-02-33498-E with the nominal value of 0.1 ruble each converted at change of the nominal value of shares, were paid off (cancelled) in the result of such conversion.
The amount of the authorized capital of JSC INTER RAO UES in the result of conversion amounted to 63,897,300,359.60641971 rubles.
In accordance with the rules of circulation of securities on MICEX and RTS stock exchanges trading with ordinary registered non-certificated shares of JSC INTER RAO UES (issue state registration number 1-02-33498-E) were suspended starting from November 2, 2009. Due to completion of the procedure of reducing the company’s charter capital trading with JSC INTER RAO UES shares (issue state registration number 1-03-33498-E) on MICEX and RTS stock exchanges will be resumed. Information about the date of resumption of trading of the company’s shares on MICEX and RTS will be provided later.
20.11.2009
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