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FFMS Declares Territorial'naya generiruyushchaya kompaniya No 9 OAO’s Additional Shares Issue for Consolidating KES Holding's Generating Companies Invalid-Interfax


Sunday, 25 Nov 2012 08:03pm EST 

Interfax reported that Federal Financial Markets Service of Russia (FFMS) has declared additional shares issue by Territorial'naya generiruyushchaya kompaniya No 9 OAO for consolidating KES Holding's generating companies invalid and annulled its state registration, the FFMS said. As reported, the Company's additional issue of 50,094,714,813,220 shares with face value at RUB 0.003 each was registered on October 25, 2011. It was assumed that securities will be placed by public subscription, and payment will be accepted by shares of three other companies: TGK OAO, TGK-6 OAO, and Volzhskaya TGK. In each company as the major shareholder acts KES Holding. KES Holding in 2009 spoke about the possibility of consolidation of power assets, but the specific plans - to do it on the basis of the Company KES Holding announced in the first half of 2011. Then KES Holding reported that it plans to complete this process in the second quarter of 2012. 

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