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Territorial'naya Generiruyushchaya Kompaniya No2 PAO (TGKB.MM)

TGKB.MM on Moscow Interbank Currency Exchange

24 May 2017
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Latest Key Developments (Source: Significant Developments)

TGK-2 FY 2016 net loss narrows to RUB 445.6 mln
Friday, 28 Apr 2017 09:26am EDT 

April 28 (Reuters) - TGK-2 :FY 2016 revenue 33.89 billion roubles versus 31.23 billion roubles ($549.05 million) year ago.FY 2016 net loss 445.6 million roubles versus loss of 3.25 billion roubles year ago.  Full Article

Sovlink increases its stake in TGK-2
Wednesday, 29 Mar 2017 02:59am EDT 

TGK-2 :Says Sovlink increases its stake in company to 52.8 pct from 21.77 pct.  Full Article

BRIEF- TGK-2 revises restructuring proposals for its BO-02 series bonds
Tuesday, 28 Mar 2017 03:15am EDT 

Corrects maturity date to April 26, 2019 from April 26, 2016 in the second bullet..TGK-2 : Said on Monday that in the framework of ongoing work to settle debt to creditors and suppliers it has proposed revised terms for restructuring of its BO-02 series bonds . It is proposing to extend maturity to April 26, 2019 (previously April 23, 2021) . The amortization payments on 500 rouble nominal value are scheduled for 25 percent to be paid on Oct. 27, 2017; 25 percent on April 27, 2018; 25 percent on Oct. 26, 2018, and 25 percent on April 26, 2019 (previously 10 percent of nominal value was to be paid on 10th day from registration of the changes and of 11.25 percent every six months starting from Oct. 2017) . The coupon of 12 percent per annum to be paid on April 12, 2017 (7th), Oct. 27, 2017 (8th), April 27, 2018 (9th), Oct. 26, 2018 (10th), April 26, 2019 (11th) . The proposed terms are not final and can be changed in the course of structuring the transaction . The company will hold meetings with bondholders between March and first decade of April .Raiffeisenbank acts as an agent for the deal.  Full Article

TGK-2 names Nadezhda Pingina new general director
Thursday, 17 Nov 2016 01:58am EST 

TGK-2 OJSC :Says Nadezhda Pingina to replace Boris Kutychkin at general director post as of Nov 17.  Full Article

TGK-2 doesn't fulfill obligations under BO-02 series bonds
Thursday, 13 Oct 2016 03:09am EDT 

Tgk-2 : Says didn't fulfill obligations for total amount of 636.6 million roubles ($10.23 million) under BO-02 series bonds . Says didn't pay sixth coupon in amount of 146.6 million roubles .Says didn't fulfill obligation to partly redeem nominal value of bonds for 490 million roubles.  Full Article

TGK-2 H1 net result turns to profit of RUB 250.2 million
Tuesday, 30 Aug 2016 01:24am EDT 

TGK-2 : H1 revenue 18.04 billion roubles ($278.67 million) versus 16.65 billion roubles year ago .H1 net profit 250.2 million roubles versus loss of 471.7 million roubles year ago.  Full Article

TGK-2 increases voting rights in Bitar Holdings Limited to 100%
Tuesday, 2 Aug 2016 02:50am EDT 

TGK-2 OJSC :Says increases its voting rights in Bitar Holdings Limited to 100 pct from 50 pct.  Full Article

TGK-2 expects to sell Arkhangelskaya TPP in June-July - Interfax
Thursday, 9 Jun 2016 09:31am EDT 

: TGK-2 expects to close deal to sell Arkhangelskaya TPP in June-July - Interfax cites acting general director Further company coverage: [TGKB.MM] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

TGK-2 recommends no dividend payment for 2015
Tuesday, 24 May 2016 02:45am EDT 

TGK-2 :Says recommends no dividend payment for 2015.  Full Article

TGK-2 OAO targets dividend payment for 2016; no dividends for 2015 due to net loss-Interfax
Wednesday, 30 Mar 2016 08:37am EDT 

TGK-2 OAO:Is not planning to pay dividends for 2015 in light of the expected net loss last year, the genco's acting head Petr Zarubin said-Interfax.TGK-2 plans to post a net profit in 2016 and pay dividends for the year, he said."I will not name figures before the publication of the auditor's report, but I want to say that in general we operated in 2015 with a small loss," Zarubin said.He said that this is connected with the fact that the company has accumulated debts from previous years.The company expects to post profit in 2016, according to the business plan that was confirmed in December, Zarubin said.  Full Article

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