3.1.2. Information Concerning the Issuer’s State Registration
Principal State Registration Number of the Corporate Entity: 1087760000019
State registration date: July 1, 2008
Registration authority: Interdistrict Inspectorate of the Federal Taxation Service of the Russian Federation for the City of Moscow No. 46.
3.1.3. Information Concerning the Issuer’s Establishment and Development
The period of the Issuer’s duration is perpetual
Overview of establishment and development of the issuer. Goals of the issuer’s establishment, mission of the issuer (if applicable) and other information about the issuer’s activities which is of importance for the adoption of decision on purchasing the issuer’s securities:
On July 1, 2008, the incorporation of Joint Stock Company Holding MRSK was registered on the Uniform State Register of Juridical Persons.
JSC Holding MRSK (later, JSC IDGC Holding) was established as part of the reorganization of RAO UES of Russia (the resolution of the Extraordinary General Meeting of Shareholders of RAO UES of Russia of October 26, 2007) on completion of one of the stages of electric power industry reform with the Russian Federation holding a 52.68% stake in the new company’s authorized capital.
On December 30, 2008, the Company was renamed JSC Interregional Distribution Grid Companies Holding (JSC IDGC Holding).
In order to improve the efficiency and further the development of the Russian electric grid sector, coordinate work on the management of the electric grid sector, and keep down tariffs for ultimate electricity consumers, Decree of President of the Russian Federation Vladimir Putin No.Vladimir Vladimirovich Putin (rus. Влади́мир Влади́мирович Пу́тин (yordam·maʼlumot); (7-oktabr, 1952, hozirgi Sankt-Peterburg shahri) - Rossiya davlat arbobi. Rossiya Federatsiyasining ikkinchi va toʻrtinchi Prezidenti, sobiq Rossiya Bosh Vaziridir. 1567 of November 22, 2012, specifies the principal goals of reforming the sector, including establishing JSC Russian Grids (later renamed JSC ROSSETI).
On April 4, 2013, the information that JSC IDGC Holding was renamed Joint Stock Company Russian Grids (JSC Russian Grids) was registered on the Uniform State Register of Juridical Persons.
On June 14, 2013, a stake in Open Joint-Stock Company Federal Grid Company of Unified Energy System (JSC FGC UES) was contributed by the Russian Federation, represented by the Federal Agency for State Property Management, to the authorized capital of JSC Russian Grids. The stake held by the Russian Federation in the Company’s authorized capital was increased to 85.31%.
On September 11, 2013, the Board of Directors of the Company resolved to establish Technical Supervision Center, a branch of Joint Stock Company ROSSETI (TSC, a branch of JSC ROSSETI). TSC, a branch of JSC ROSSETI, was established as part of measures to accomplish the goal of formulating the electric grid sector’s uniform technical policy defined by the Strategy for Development of JSC ROSSETI and contributes to securing a reliable electricity supply, ensuring the efficiency and safety of electric grid facilities, implementing a unified approach to technical supervision at electric grid facilities, implementing the principles of independent technical supervision, and improving the quality of technical supervision.
On April 4, 2014, with the aim of ensuring energy security and securing an uninterrupted electricity supply for the Crimean Federal District, the Board of Directors of the Company resolved to open the Representative Office of Joint Stock Company ROSSETI in the Crimean Federal District in Simferopol.
On June 30, 2015, the Annual General Meeting of Shareholders of JSC ROSSETI approved a restated version of the Articles of Association of the Company, renaming the legal form (PJSC ROSSETI). The restated version of the Articles of Association of the Company was registered by Interdistrict Inspectorate of the Federal Taxation Service of the Russian Federation for the City of Moscow No. 46 with the corresponding amendments entered in the Uniform State Register of Juridical Persons on July 17, 2015.
At present, PJSC ROSSETI holds controlling interests in the federal grid company (FGC UES, PJSC), 11 interregional distribution grid companies (IDGC of North-West, PJSC; IDGC of Center and Volga Region, PJSC; IDGC of Centre, PJSC; IDGC of South, PJSC; IDGC of Northern Caucasus, PJSC; PJSC IDGC of Siberia; IDGC of Volga, PJSC; IDGC of Urals, JSC; PJSC LENENERGO; PJSC MOESK; and JSC Tyumenenergo), and four distribution grid companies (JSC Yantarenergo; Kubanenrgo; PSC TDC; and NURENERGO, JSC) operating in specific regions.
Additionally, the Company holds controlling interests in entities engaged in power retail, R&D, and construction.
As specified in the Articles of Association (paragraph 3.1), the principal purposes of the Company’s activities are as follows:
- earn profit for the Company;
- manage the electric grid sector;
- ensure the Russian Federation’s control over the activities of the territorial grid organizations established in the course of reorganizing joint-stock companies for energy and electrification and over the activities of the organization managing the Unified National (All-Russian) Electric Grid;
- ensure the reliable functioning and development of the electric grid sector;
- create the necessary conditions for attracting investment with the aim of developing and enhancing the efficiency of the electric grid sector’s activities;
- organize work on introducing advanced research results and innovative solutions into the electric grid sector.
|
