OREANDA-NEWS. November 30, 2012. According to the instructions of the BoD of IDGC Holding, OAO (protocol #96 dd. 08.10.2012) and resolution of the BoD of IDGC of Urals, OAO (protocol #114 dd. 15.10.2012) we completed equity swap with STS Corporation, OOO in regard to Kurganenergo and Lenenergo, reported the press-centre of IDGC of Urals.    

Overall deal parameters are as follows:

Alienated shares:

The issuer:

Kurganenergo,

Key lines of activities - transmission and connection services rendered to legal entities and natural persons. The Company operates in the Kurgan region (overall area - 71.5 thous. sq. km).

The shareholder:

IDGC of Urals,

Type, category, nominal value of the shares:

common registered non-documentary shares, state registration number - 1-01-00069-А dd. 22.11.2003, nominal value  - RUR 1 (One);

Number of alienated shares, share in the charter capital:

78 887 994 shares or 49% of the charter capital of Kurganenergo;

Price per share:

RUR 34.78.

Price for the block of stock:

RUR 2 743 724 431.32.

Acquired shares:

The issuer:

Lenenergo.

Key lines of activities - transmission and connection services rendered to legal entities and natural persons. The Company operates in St.Petersburg and the Leningrad region (overall area - 86.7 thous. sq. km).

The shareholder:

STS Corporation.
Type, category, nominal value of the shares:

- common registered non-documentary shares, state registration number - 1-01-00073-А dd. 27.06.2003, nominal value - RUR 1 (One);

- preferred registered non-documentary shares, state registration number -  2-01-00073-А dd. 27.06.2003, nominal value - RUR 1 (One);

Number of acquired shares:
- common shares: 81 119 240;
- preferred shares - 22 750 128.

Price per share:
- common share - RUR 13.931310744;
- preferred share - RUR 35.763626981;

Price for the block of stock:
RUR 1 943 724 431.32.

Extra payment:
RUR 800 000 000.

Therefore, IDGC of Urals, obtained a share in the charter capital of Lenenergo, (7,15% of overall voting shares).