At the Zaramagskie GES special meeting Sep. 13 the holders approved the decision to increase the share capital through the allocation of 15569194 stocks of 1ths rub. par each, RusGidro informed.
The issue will be placed through the close offering in favor of RusGidro.
The sale of no more than 15311790 stocks of 1ths rub. par was affirmed.
Zaramagskie GES (TIN 1505008701) is a sub of RusGidro. It provides the building of the cascade on the Ardon River.
RusGidro (TIN 2460066195) involves 61 GESs, 2 GAES, 3 geothermal stations in Kamchatka, Kalmytskaya VES, Irkutskaya, Bratskaya and Ust-Ilimskaya GESs.
Besides, it keeps 90% in International Energetic Corp. Together with Electric stations it builds Verkhne-Narynsky GES Cascade in Kirgizia. The total capacity is equal to 36.5GW. In 2012 the output increased 46.34% to 112.697bn kWh.
The share capital is equal to 317.638bn rub.; the government holds 65.868%; ZAO ING Bank (Eurasia) - 10.82%; National Clearing Depository - 15.55%.
The IQ 2013 net profit (RAS) rallied up 47.55% to 9.337bn rub. from 6.328bn rub. prior year period; revenues boosted 26.02% to 25.444bn rub. from 20.19bn rub.; profit from sales - 45.16% to 13.186bn rub. from 9.084bn rub.; pretax profit - 43.48% to 12.481bn rub. from 8.699bn rub.; EBITDA increased 38% to 16.115bn rub. from 11.695bn rub.
The IQ 2013 net profit (IAS) added 0.43% to come to 10.698bn rub. from 10.652bn rub. prior year. The revenues increased 3.72% to 88.358bn rub. from 85.185bn rub.; operating profit - 4.62% to 14.547bn rub. from 13.905bn rub.; pretax profit - 7.87% to 14.692bn rub. from 13.62bn rub.; EBITDA being up 19.7% to 23.122bn rub. from 19.316bn rub.