Federal Grid Company (FEES) - Board of Directors Approves New Share Issue RNS Number : 7649R JSC Fed Grid Co of Unified Engy Sys 22 November 2012 Federal Grid Board of Directors Approves New Share Issue Federal Grid Company of Unified Energy System ("Federal Grid" or the "Company", Moscow Exchange, LSE: FEES), the operator and manager of Russia's unified electricity transmission grid system, announces that its Board of Directors has approved an additional share issue of 8,164,069,983 ordinary shares with a nominal value of RUB 0.50 per share for a total sum of RUB 4,082,034,991.5. The planned new share issue represents 0.65% of the Company's current authorised capital. In accordance with the Government of the Russian Federation's 2012 budget, the Government will purchase RUB 3,247,305.2 thousand of the Company's newly issued shares. The rest of the issue will be offered publicly on the market. Existing shareholders will have a pre-emptive right to acquire the newly issued stock proportional to their existing holdings in the Company. The list of shareholders having pre-emptive rights will be determined based on the shareholder register as of 19 November 2012. The placement price will be determinedin accordance with the Russian Federation Law on Joint Stock Companies by the Board of Directors, at a price not lower than the nominal value of the newly-issued shares. The proceeds from the placement will be used to fund Federal Grid's investment programme. The Board of Directors approved the new share issue on 19 November 2012. Enquiries: Contacts Investors / Analysts Federal Grid IR team Work Mobile Alexander Duzhinov +7 (495) 710 9064 +7 (916) 041 8053 Nadezda Sukhova +7 (495) 710 9541 Egor Toropov +7 (495) 710 9333 ext. 2275 Vladimir Baklanov +7 (495) 710 9333 ext. 2926 International Media M:Communications Tom Blackwell +7 (495) 663 8009 +7 (919) 102 9064 Sam VanDerlip +44 20 7920 2356 +44 7554 993 032 About Federal Grid Company Federal Grid Company is the operator and manager of Russia's unified electricity transmission grid system, including high voltage transmission lines, and holds the status of a natural monopoly. The Company's assets include more than 124,000 km of transmission lines and 854 substations with more than 322 GVA of 35-750 volt transformer capacity. Based on the length of transmission lines and installed transformer capacity, Federal Grid is the largest publicly traded electricity transmission company in the world. Federal Grid's business is to provide electricity transmission and technological connection services. It maintains and develops the grid system and supervises grid facilities and infrastructure in 73 Russian regions, covering a territory of 13.6 million square kilometres. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises. Since January 1^st 2010, Federal Grid has operated under a 5-year regulatory asset base (RAB) model. The Company was incorporated in June 2002 as part of the reorganization of Russia's electrical power industry. The largest shareholder, with a 79.55% stake, is the Russian Federation Government. Federal Grid Company's ordinary shares are listed on the MICEX-RTS stock exchange under the ticker symbol FEES and the Company's GDRs are traded on the London Stock Exchange under the same FEES ticker symbol. The Company's shares are included in the MSCI Emerging Markets and MSCI Russia indices. In 2011 the Company's IFRS revenue was RUB 139,571 million (up 23% compared to 2010), adjusted EBITDA was RUB 83,760 million (a 24% increase from 2010), and adjusted net profit was RUB 38,241 million (up 37% on 2010). Further information can be found atwww.federal-grid.com This information is provided by RNS The company news service from the London Stock Exchange END IOEFEMSWEFESEFF -0- Nov/22/2012 07:25 GMT
Federal Grid Company FEES Board of Directors Approves New Share Issue
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