Annual report 2010

2ordinary shares in OAO Kubanenergo in the total amount of at most two billion,four hundred forty-one million, five hundred seventy-six thousand, seven hundredninety-six ( 2,441,576,796) r ubles a nd 24 kopecks with t he offering p rice of o neadditional ordinary share in OAO Kubanenergo, as determined by the decision ofthe Bo ard o f D irectors of O AO Kubanenergo, equal to one hundred ei ghty-four(184) rubles and 92 kopecks, including:- twelve million, eight hundred ninety-two thousand, two hundred eightysix( 12,892,286) shares in t he t otal a mount of t wo bi llion, t hree hundred e ightyfourmillion, forty-one thousand, five hundred twenty-seven (2,384,041,527) rublesand 12 kopecks by virtue of the exercise of the preemptive right, and- at most three hundred eleven thousand, one hundred thirty-six (311,136)shares in the total amount of at most fifty-seven million, five hundred thirty-fivethousand, two hundred sixty-nine (57,535,269) rubles and 12 kopecks to be placedthrough a public offering after the expiration of the preemptive right period.S. I. Shmatko, N. N. Shvets, S. R. Borisov, V. A. Gulyaev,V. M. Kravchenko, V. V. Kudryavy, G. P. Kutovoy, S. V. Maslov, S. Remes,S. V. Serebryannikov, V. V. Tatsiy, A. P. Terekhov, V. N. Titov, I. V. Khvalin,and P. O. Shatsky voted “For.”Approved unanimously.2. Approval of an agreement between JSC IDGC Holding and OAOKubanenergo for t he a cquisition o f a dditional or dinary shares i n O AOKubanenergo t o be pl aced t hrough a pu blic off ering after the e xpiration of t hepreemptive right period, which is a related party transaction.IT WAS RESOLVED AS FOLLOWS:2.1. The value of additional shares in OAO Kubanenergo that are acquiredunder an agreement to be entered into by and between OAO Kubanenergo and JSCIDGC H olding f or t he a cquisition of a dditional o rdinary shares i n O AOKubanenergo shall be a t m ost fifty-seven m illion, fi ve hundred thirty-fivethousand, two hundred sixty-nine (57,535,269) rubles and 12 kopecks.2.2. The related party transaction, namely the agreement for the acquisitionof additional ordinary shares in OAO Kubanenergo (hereinafter, the “Agreement”),shall be approved subject to the following terms and conditions:Parties to the A greement: OAO Kubanenergo ( “Issuer”) a nd JSC ID GCHolding (“Acquirer”).Subject matter of the Agreement: the Issuer transfers to the ownership ofthe Acquirer, and the Acquirer accepts and pays for at most three hundred eleventhousand, one hundred thirty-six (311,136) additional ordinary shares of the Issuerat a price of 184.92 rubles per share to be placed through a public offering after theexpiration of t he pre emptive right pe riod in accordance w ith the terms a ndconditions of the Agreement.Total price of t he A greement: at m ost fifty-seven m illion, fi ve hu ndredthirty-five thousand, two hundred sixty-nine (57,535,269) rubles and 12 kopecks.