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Sergei Tolstoguzov sold his stake in the company "RAO ES East" - EastRussia | Far East






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Sergei Tolstoguzov sold his stake in the company "RAO ES East"

Sergey Tolstoguzov, the CEO of PJSC "RAO ES of the East", no longer owns shares in the company's authorized capital

This was reported by the press office of RAO ES of the East.

Prior to the transaction, he owned 0,00022% in equity. According to the report, S.Tolstoguzov ceased to be a shareholder of 28 in January of the current year, Interfax notes.

As explained in the power companies' share of the change occurred in the voluntary offer to purchase shares of PJSC "RAO ES of the East", which was announced to bring the share of "RusHydro" in the capital of "RAO ES of the East" to 100% ».

As reported in late January, PJSC "RusHydro" on the basis of purchase of shares from minority shareholders increased indirect ownership interest in the "RAO ES of the East" to 96,7878% (percentage of direct ownership remained unchanged and amounted to 84,3911%).

RusHydro owns shares in the ES of the East through its structures, as well as subsidiaries of the ES of the East. The indirect share increased due to the repurchase of shares from minority shareholders under a voluntary offer. The agent for the exchange and repurchase of shares in the framework of the offer to shareholders of RAO ES of the East was Vostok-Finance, which is 100% owned by ES of the East.

Earlier it was reported that the minority shareholders presented for the purchase of 11,225% of the authorized capital of RAO Energy Systems of the East, of which 11,01% would be exchanged for RusHydro securities. The rest will receive cash. As a result of the offer, the share of RusHydro in the authorized capital of ES East increased to more than 96%, and the company will be able to make a mandatory offer to shareholders.

As part of the offer, the price of RusHydro shares is 0,5768 rubles. for one paper. Thus, one common share of ES of the East corresponded to RusHydro’s 0,6068 shares, and one preferred share to 0,3814 shares. Also, as part of a voluntary offer, shareholders could sell ordinary acacias of the ES of the East at 0,35 rubles per share, preferred ones for 0,22 rubles per share.
Consolidation of 100% RAO ES of the East is part of the implementation of the long-term development program for the RusHydro Group.

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 controlled by the state and managing hydroelectric power plants in the Russian Federation. The installed capacity of the group's stations is 38,5 GW, including the electrical capacities of OAO RAO Energy Systems of the East, as well as the Boguchanskaya HPP.