The successive stage of TGC-6, plc holding forming comes to an end

10.05.2006 10:19

The excess share exchange process of TGC-6, plc for Regional Generating Companies (RGC) and Mordovia Heating Company completed on May, 5th, 2006. TGC-6, plc, thus, holds:

  • 84,20% of Mordovia Generating Company, plc authorized capital stock;
  • 84,21% of Mordovia Heating Company, plc authorized capital stock;
  • 93,99% of Vladimir Generating Company, plc authorized capital stock;
  • 66,91% of Nizhny-Novgorod Generating Company, plc authorized capital stock;
  • 85,05% of Ivanovo Generating Company, plc authorized capital stock;
  • 93,55% of Penza Generating Company, plc authorized capital stock.

After the capital issue report, authorized capital stock of TGC-6, plc was estimated at 10, 473, 223, 149. 30 roubles. (note: in case of 100% RGC, MHC exchange the authorized capital would have been 12, 895, 002, 365 roubles). At the same time, shareholders stakes will be distributed among:

  • RAO UES of Russia, plc - 61,85%
  • Principal minority shareholders: 33,42%
  • Other shareholders 4,73%

The report on capital issue of TGC-6 is scheduled on the first decade of June, 2006. TGC-6 shareholders will be able to sell or exchange their shares from then on.

RGC and MHC shareholders, having not taken part in the share exchange, remain RGC, MHC shareholders.

TGC-6, plc Holding forming is not the target itself. It is planned to found a single operational company.

Presumably, the circulation of TGC-6, plc shares in Russian Stock exchange will start in June, 2006.

 -6  - 14-07-06 11:10
  -6 10,47 .  - 12-07-06 13:38
  -6 2006  - 07-07-06 09:49
 Report on TGC-6, plc extra shares emission is registered - 16-06-06 10:02
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