RAO UES Reorg Commission Recommends the Board to Approve 6 June as
Record Date for RAO UES Reorganization
Moscow, 7 March 2008. The RAO UES Reorganization Commission recommended that the
Board of Directors approve 6 June 2008 as the record date for the completion of the
reorganization. The RAO UES Management Board will submit this issue for review to the
Board of Directors on 4 April 2008.
The shareholders of RAO "UES of Russia" of record on the above date will be
entitled to receive shares in the spin-off companies. A shareholder who buys RAO UES
shares after the record date will receive only FGC shares in the course of merger of RAO
UES with and into FGC.
6 June was recommended as the record date for the completion of the reorganization
after preliminary consultations with the registrars and securities depositories holding
shares of RAO UES and the post-restructuring companies and reviewing the procedure for
distribution of post-restructuring companies' shares among RAO UES shareholders.
The registrars of the Parent Company and the spin-off companies will need at least
three weeks to create the share register and distribute the shares. In that case, shares
in the spin-off companies will be distributed among RAO UES shareholders in early July, as
If the Board of Directors approves the proposal of the RAO UES Reorganization
Commission, 6 June will be the last day RAO UES shares are traded on stock exchanges.