Rosseti South's Board of Directors proposed that shareholders issue additional shares for the merger of Rosseti Kuban, whose shares will be converted into Rosseti South securities. Conversion ratio and the number of additional Rosseti South shares to be placed are not yet known. Shareholders will discuss this issue at the meeting on May 15.

Rosseti Kuban's RAS net profit for 9 months of 2024 amounted to ₽8.6 billion, up 28.4% from ₽6.7 billion in the previous year. Revenue rose 13.4% to ₽64.3 billion against ₽56.7 billion a year earlier.

Moscow Exchange excluded shares of Rosseti Kuban from the list of securities admitted to trading. Last trading day will be December 10.

Rosseti Kuban's IFRS net profit for 6 months of 2024 amounted to ₽4.59 billion, up 12.8% from ₽4.07 billion in the previous year. Revenue rose 10.3% to ₽39.86 billion against ₽36.14 billion a year earlier.