Quadra to offer dissenting shareholders 0.0029 rubles per ordinary, 0.0027 per preferred share
MOSCOW. May 25 (Interfax) - The board of directors of Quadra has set the price that will be offered to shareholders who do not support a major financing deal at 0.0029 rubles per ordinary and 0.0027 rubles per preferred share, the genco said in a company.
Quadra plans to buy shares from shareholders who vote against or abstain from voting on the company's deals with Gazprombank and Sberbank of Russia .
Company head Yury Pimonov said in May that Quadra planned to raise a syndicated loan of 7 billion rubles from banks and shareholders to build three facilities under capacity provision agreements: Dyagilev and Alexin thermal power plants (TPP) as well as Voronezh TPP-1.
The board also recommended that shareholders waive dividends for 2015 given that the company posted a net loss of 4.4 billion rubles last year. Quadra paid no dividends for 2014.