Press Release About Decisions Adopted by the Issuer’s Management Bodies


On June 3, 2013, the Board of Directors of Joint Stock Company Russian Grids held a meeting.

The Board of Directors decided on a stake held by JSC Russian Grids in IDGC of Northern Caucasus, JSC through the acquisition of at most 2,638,720,456 additional ordinary shares.

The Board of Directors also approved the agreements to acquire additional uncertificated registered ordinary shares in IDGC of Northern Caucasus, JSC to be placed in the process of the exercise by JSC Russian Grids of its preemptive right to acquire such shares and to be placed after the expiration of the preemptive right period, which are related party transactions.

Back to the list