On December 8, the Board of Directors of RAO UES of Russia approved the agendas of general shareholders’ meetings of Volga Territorial Generation Company, Samara Territorial Generation Company, Saratov Territorial Generation Company and Ulyanovsk Territorial Generation Company on reorganization in term of merger with and into Volga TGC.
The Board of Directors authorized the representatives of RAO UES of Russia to vote for increase of Volga TGC authorized capital by means of distribution of 24 677 500 thousand additional shares of 1 ruble nominal value each.
Distribution method – conversion of shares of the companies being merged into Volga TGC.
The following conversion ratios were also approved by the Board of Directors:
- 180550311/669422153 of ordinary registered share of Samara Territorial Generation Company with a face value of 0,25 rubles shall be converted into 1 (one) common registered share of Volga TGC;
- 180550311/613056808 of A type preference registered share of Samara Territorial Generation Company with a face value of 0,5 rubles shall be converted into 1 (one) common registered share of Volga TGC;
- 180550311/145512396 of ordinary registered share of Saratov Territorial Generation Company with a face value of 0,17 rubles shall be converted into 1 (one) common registered share of Volga TGC;
- 180550311/133260252 of A type preference registered share of Saratov Territorial Generation Company with a face value of 0,17748 rubles shall be converted into 1 (one) common registered share of Volga TGC;
- 180550311/22705555999 of ordinary registered share of Ulyanovsk Territorial Generation Company with a face value of 6 rubles shall be converted into 1 (one) common registered share of Volga TGC;
- 180550311/20793748184 of A type preference registered share of Ulyanovsk Territorial Generation Company with a face value of 6 rubles shall be converted into 1 (one) common registered share of Volga TGC.
