Procedure of TGC-6 forming

The following configuration of the Territorial Generating Company 6 was approved by the Board of Directors of RAO UES of Russia (proceeding 168 from 23.04.04): generating power facilities were provided by Vladimirenergo,plc.(Vladimir Region), Ivenergo,plc (Ivanovo Region), Mordovenergo,plc (Mordovia Republic), Nizhnovenergo,plc (Nizhny Novgorod Region), Penzaenergo,plc (Penza Region).

The reforming projects of Vladimirenergo,plc, Ivenergo,plc, Mordovenergo,plc, Nizhnovenergo,plc, Penzaenergo,plc were approved by the Board of Directors of RAO UES of Russia (proceedings 144 from 28.06.03, 147 from 01.08.03, 148 from 29.08.03, 159 from 03.02.04).

The reforming project offered two ways of joining regional generating companies to TGC-6 (approved by the Board of Directors of RAO UES of Russia 28.10.05 207):

  • Reorganising regional generating companies (RGC) and joining them to TGC-6 provided that such a decision is made at special general meetings by four or more regional generating companies (took place 30.12.05). RGC shares are transformed into TGC-6 shares on the basis of share converting rates. In this case both equity shares and preference shares are converted into TGC-6 equities. Shares of Mordovia thermal network company, plc (MTC) are exchanged for TGC-6 shares on the basis of share converting rates.
  • Creating holding company structure provided that the decision of reorganising RGC and joining them to TGC-6 is not made at special general meeting of two or more RGC. Both RGC and MTC shares are exchanged for TGC-6 shares on the basis of share converting rates. In this case both equity shares and preference shares of RGK and MTC are converted into TGC-6equities.

The overall results of the RGC shareholders special general meetings conducted byTGC-6on December, 30th, 2005, the next step of reorganizing and joining RGC is made according to the holding company structure.

The answers to the most frequent questions about the procedure of TGC-6 Forming can be found on our site.

Shareholders can get more detailed information on web-sites of RAO UES of Russia (www.rao-ees.ru) and TGC-6 (www.tgc6.ru) or contact TGC-6 by phone +7(831) 2577-130 or consult the corporate management specialist Julia Lagashina by e-mail:


The Approximate Shedule Of Company`s Forming

28.10.05

Board of Directors of RAO UES of Russia held a meeting concerning the issue of reorganizing RGC and joining Vladimir generating company (VGC), Ivanovo generating company (IGC), Mordovia generating company (MGC), Nizhny Novgorod generating company (NGC), Penza generating company (PGC) to TGC-6.

10.11.05

Board of Directors of VGC, IGC,MGC,NGC,PGC held a meeting concerning the issue of reorganizing RGC and joining TGC-6(including the issue of calling the general shareholder meeting concerning reorgaisation)

30.12.05

General shareholder meeting of VGC,IGC,MGC,NGC,PGC about reorganizing and joining TGC-6

27.01.06

General meeting of TGC-6 shareholders concerning the issue of increasing the initial capital of TGC-6.

14.03.06

The resolution about extra shares emission was registered.

06.04.06

The start of TGC-6 extra shares distribution by means of closed subscription under condition of paying by shares of VGC,IGC,MGC,NGC,PGC.

05.05.06

The end of TGC-6 extra shares distribution by means of closed subscription under condition of paying by shares of VGC,IGC,MGC,NGC,PGC.

June`06

The report on extra share emission was issued.

For more information about reforms in power industry refer to the site of RAO UES of Russia.

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