4 Sep 2015 11:48
PJSC ROSSETI
Resolutions of the Board of Directors regarding ROSSETI EGM
04 September 2015. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that the Board of Directors, at a meeting held on 03 September 2015, has set the agenda of the Company's Extraordinary General Meeting of Shareholders ("EGM") on 06 October 2015 as follows:
- An increase in the authorized capital of the Company by means of placement of additional shares.
The Company's Board of Directors has set the offering price (including with respect to the persons introduced on the list of the persons having the preemptive right to acquire placed additional shares) of one additional ordinary share in the amount of 1 ruble.
Holders of the Company's preferred shares are entitled to vote on all items of the EGM's agenda.
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For further information:
PJSC ROSSETI
Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)
Yulia Martynova, IR +7(495) 995 5333 (ext. 3834)
EM
Thomas Kiehn +7 (495) 363 2846
Yuri Krebs +7 (495) 363 2840
PJSC ROSSETI is the largest electricity transmission and distribution grid company in Russia. It is also one of the largest electricity transmission and distribution grid companies in the world by length of electricity lines and installed transformer capacity. PJSC ROSSETI holds interests in and manages 15 distribution grid companies and transmission grid company in Russia. The Company together with its subsidiaries owns and operates 2.3 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of 750.9 GVA. The Company operates in 78 regions of Russia.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC Rosseti. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to PJSC Rosseti and its operations.