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MRSK Severnogo Kavkaza OAO Raises RUB 2.55 Billion in Additional Share Issue-Interfax

Wednesday, 9 Oct 2013 02:39am EDT 

Interfax reported that on September 27, 2013 MRSK Severnogo Kavkaza OAO completed the placement of 98,469,787 additional shares and raised RUB 2.55 billion, the Company told Interfax. 98,720,475 shares were acquired by Rosseti OAO and 28,548 by other investor under preemptive rights, and after finishing the preemptive rights period further 368,764 shares were acquired by Rosseti OAO. As reported earlier, the Company planned to place a total of 125,722,698 shares with a par value of RUB 1 each at RUB 25.94 per share. Thus, the total proceeds could have amounted to RUB 3.26 billion. 

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