Russia’s Inter RAO reduces quasi-treasury stake to 29.3919%

MOSCOW, Jul 20 (PRIME) -- Inter RAO Capital, an owner of a quasi-treasury stake in parent Russian power holding Inter RAO, has reduced it by 0.0193% to 29.3919%, according to the materials of the company seen by PRIME on Friday.

An Inter RAO representative told PRIME that the stake was cut on Thursday as a manager of the company implemented an option under a stock option plan. The manager acquired 20.2 million shares in Inter RAO.

In February 2016, the board of directors of Inter RAO approved a stock option plan under which some managers acquired the right to buy about 2% in the company. In March 2018, managers of Inter RAO sold 1.19 billion shares, or an about 1.14% stake, at 3.48 rubles per paper or a total of 4.15 billion rubles.

(63.2746 rubles – U.S. $1)

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