TNS Energo completed acceptance of the bids on the acquisition of the stocks released within the additional issue, the company informed.
185 bids on 3670439 stocks were accepted. The coverage can be provided in money terms or by preferred stocks of 6 energy sale companies. The deadline for the allocation is set for June 16, 2014.
8179560 stocks of 1 rub. par are under allocation in line with the decision on the increase in the share capital approved by the holders in Nov. 2013.
The issue is aimed to raise the funds for the development of the Company and increase the share of the Group in its subs.
TNC Energo (TIN 7705541227) is a member of the wholesale market and provides control over 9 energy sale companies in 8 regions:
Voronezhenergosbyt, Donenergosbyt, Karelenergosbyt, Kubanenergosbyt, Marienergosbyt, Nizhegorodenergosbyt, Tulaenergosbyt, Rostovenergo Energosbyt, Yaroslavenergosbyt.
The 2013-net profit (IAS) declined 48.59% to 2.483bn rub. from 4.83bn rub. prior year; revenues moved up 32.52% to 102.856bn rub. from 77.617bn rub.; operating profit dropped 32.51% to 4.461bn rub. from 6.61bn rub.; pretax profit - 41.31% to 3.385bn rub. from 5.768bn rub.
The 2013-net profit (RAS) reached 2.111bn rub.; revenues coming to 3.885bn rub.; profit from sales - 1.612bn rub.; pretax profit - 2.39bn rub.