Start date announced for the placement of additional ordinary nominal book-entry shares of TNS energo Group of Companieso
The cost for each additional share is one thousand one hundred and sixty three rubles (1,163) and 54 (fifty four) kopecks per additional ordinary nominal book-entry share.
A notification of the opportunity to purchase the additional shares placed by TNS energo Group of Companies and an application form for the purchase of such shares have been published on the company’s official web-site. The documents specify the rules for the submission and examination of applications, the conditions and procedure for payment for the securities placed, and the monetary value of shares which can be used as payment for the new shares.
TNS energo Group of Companies draws the attention of potential purchasers to the requirement that applications for additional shares must be filed to the Issuer within 90 days from the start date of the placement of these additional shares.
The 8,179,560 additional ordinary nominal book-entry shares with a par value of 1 ruble each have been placed on the basis of the decision of the increase in the JSC GC TNS Energy charter capital adopted by the sole shareholder of TNS energo Group of Companies on 28 November 2013.The aim of the issue is to raise funds and to increase the Issuer’s participatory share in its subsidiaries and affiliates: Nizhny Novgorod Energy Retail Company, Yaroslavl Energy Retail Company, Voronezh Energy Retail Company, Mari-El Energy Retail Company, Rostov Energy Retail Company and the Kuban Energy Retail Company.
The Issuer plans to direct the funds received from the placement of securities to developing the Issuer’s core activities.
Payment for the TNS energo Group of Companies shares may be made in cash and/or with the ordinary and preferred shares of the 6 energy retail companies: Nizhny Novgorod Energy Retail Company, Yaroslavl Energy Retail Company, Voronezh Energy Retail Company, Mari-El Energy Retail Company, Rostov Energy Retail Company and the Kuban Energy Retail Company.