Enel noted that the final results of the public tender offer (PTO) will be made public once further details will be communicated to Enel Investment Holding (EIH) by the relevant Russian bodies upon completion of transfer of further OGK-5 shares whose owners already accepted the PTO.
Enel said that, according to the checks carried out in the following days, the shares tendered into the PTO launched by EIH amounted to 15.74% of OGK-5’s share capital. Such shares, added to the 37.15% shareholding in OGK-5 already owned by EIH ahead of the launch of the PTO, reportedly allow EIH a total ownership of 52.89% of OGK-5’s share capital.
The consideration offered by EIH under the PTO is equal to RUB4.43 per share or around E0.12, fully payable in cash.
