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The ES of the East shareholders who have not had time to take part in the buyout will be able to exchange the shares of PJSC RAO ES of the East for several months - EastRussia | Far East

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Not yet in time to take part in the buy-out, shareholders of the "ES of the East" will be able to exchange shares of PJSC "RAO ES of the East" for several months

The methodology for the possibility of extending the right to exchange the shares of PJSC RAO ES of the East or sell them for minority shareholders of a Far Eastern subsidiary will develop PJSC RusHydro

The shareholders who did not have time to take part in the buy-out
This was reported to journalists by a member of the board of the company George Rizhinashvili.

"We had a small meeting and decided to develop a mechanism that would allow shareholders who did not exercise the right to sell or exchange securities under the legal procedure, could contact the company with the ability to complete the procedure," he said.

According to him, we are talking about a special procedure for working with a notary, as well as a method for creating a special account.
The procedure of redemption or exchange can be realized within the next several months. The issue will be submitted to the board of directors after the election of its chairman, notes Interfax.

Under the squeeze out procedure, the ES East shareholders could sell their shares or exchange them for RusHydro securities.