Kubanenergo BOD decided to increase the share capital through the allocation of an additional stock issue in the volume of 21.488bn rub. through the open offering, the company informed.
The issue includes 214877270 stocks of 100 rub. par each; the price being fixed at 121.82 rub./pcs.
Kubanenergo (TIN 2309001660) is a basic energy supplier in Krasnodarsky reg. and Adygeia. It includes 11 electro grid entities (Krasnodarskie, Sochinskie, Armavirskie, Adygeiskie, Timashevskie, Tikhoretskie, Leningradsckise, Slvyanskie, Yugo-Zapadnye, Labinskie, Ust Labinskie). The length of the electric lines cover 90ths km. The Company is included into MRSK South.
The 2011-net losses (RAS) dropped 22% to 1.861bn rub. from 2.389bn rub. prior year; revenues rose 17% to 28.707bn rub. from 24.535bn rub.; losses from sales being down 29.5% to 922.322mln rub. from 1.309bn rub.; pretax losses - 17.4% to 2.22bn rub. from 2.69bn rub.