Moscow, 20 September 2005. Today, the Federal Service for Financial Markets of Russia (FSFM) registered the share issue prospectuses of the companies spun off from OAO "Tulenergo".
The regulator registered prospectuses of uncertificated registered ordinary shares of OAO "Tula Retail Company" and OAO "Priokskaya Territorial Generation Company" distributed among the shareholders of the company reorganized through spin-off (OAO "Tulenergo").
1. OAO "Tula Retail Company":
- 1,566,684,288 uncertificated registered preferred shares, par value RUB0.005 per share, for a total value of RUB7,833,421.44. The state registration number assigned to the share issue is 1-01-50112-A.
2. OAO "Priokskaya Territorial Generation Company":
- 1,566,684,288 uncertificated registered ordinary shares, par value RUB1 per share, for a total value of RUB1,566,684,288. The state registration number assigned to the share issue is 1-01-50117-?.
The state registration of the new companies was effected on 1 April 2005. The companies' share issues were registered with the FSFM on 26 May 2005.
Information for the attention of stock market participants:
Shares in the spin-off companies were distributed among the existing shareholders of the company reorganized through spin-off.
Shareholders in the reorganized regional energo are entitled to receive, for each share of the relevant category (type) held by them, shares of the same category (class) in each of the newly established companies, at a ratio determined in the resolution on the reorganization.
The date on which the shares in the spin-off companies are placed is the date of state registration of the companies established as a result of regional energos' reorganization. The new shares are to be credited to the securityholder accounts with registrars and to the securities safekeeping accounts with securities depositories in accordance with the records in the share register of the regional energo as at such date.
The new shares are to be credited to the securityholder accounts by the Registrar maintaining the share registers of the newly established companies.