4 Dec 2009 13:55

RusHydro rights offer to last until July 1

MOSCOW. Dec 4 (Interfax) - Shareholders in RusHydro will have between December 4 and July 1 to exercise preemptive rights to buy the hydrogenerating company's supplementary share issue, consisting of 19 billion shares, the company said in a notice for shareholders.

Shareholders who participated at the annual meeting on June 10, at which the share issue was approved, will be entitled to exercise rights. The register for the AGM closed on April 30.

The rights offering is also open to RusHydro ADR and GDR holders. RusHydro has been cleared to trade 283.1 million shares, or 1.5% of its issued shares abroad.

The placement is due to begin on December 12. The shares have par value of 1 ruble each but the placement price is 1.15 rubles per share. RusHydro has 269,695,430,802 issued shares, par value 1 ruble each.