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Proposed conversion rate of RusHydro shares into RAO ES of the East shares - EastRussia | Far East

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The coefficient of conversion of shares of "RusHydro" for shares of "RAO ES of the East"

Vostok-Finance LLC has offered the conversion rate of RusHydro shares to RAO ES of East shares in 0,6068 when exchanging for ordinary paper and in 0,3814 when exchanging for pref, RAO ES of the East reported

This is a voluntary offer from Vostok-Finance to acquire shares in the parent company, RAO ES of the East. The offer was made in early October in relation to 5 billion 609 million 602 thousand 111 ordinary shares and 658 million 653 thousand 832 preferred.

Thus, 13,8% of the authorized capital of the "ES of the East" can be bought out, Interfax reports.

The total value of redeemed securities is 2 billion 109 million 153 thousand 497,08 rub. from the calculation of 0,35 rub. for one ordinary share and 0,22 rub. for a preferred share. The form of payment for shares can be either in cash or in quasi-treasury shares of RusHydro, for which conversion factors have been established.

The monetary valuation of the shares of PJSC RusHydro, which may be used to pay for the securities being acquired, is 0,5768 rubles. (weighted average price for half a year before sending the offer).

In order to pay off, Vostok-Finance will receive RusHydro shares from Hydroinvest JSC in the amount of up to 3 billion 770 million 346 thousand 900 securities (about 1% of capital).

As reported, "RusHydro" belongs to 84,39% in the capital of "ES East". Vostok-Finance already has a 1,8% stake in ES of the East. Small packages are distributed among other companies of the group. RusHydro expects that, based on the voluntary offer, the group will consolidate 100% of ES of the East, which will increase the manageability of the electric power industry of the Far East.

The authorized capital of "ES the East" is 22 billion 716 million 986 thousand. 149,00 rbl., It consists of 45 billion 433 million 972 thousand. 298 shares, including 43 billion 358 million 822 thousand. 914 ordinary and 2 billion 075 million 149 thousand 384 preferred stock.
The RusHydro Group is an energy holding company that manages hydropower plants in the Russian Federation. The installed capacity of the group's stations is 38,5 GW, including the electric capacities of RAO ES of the East, as well as the Boguchanskaya HPP.