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PJSC RusHydro (HYDR)
PJSC RusHydro: Results of the Board of Directors Meeting on February 19,
2019
22-Feb-2019 / 07:47 CET/CEST
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according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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announcement.
Results of the Board of Directors Meeting on February 19, 2019
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that
the Company's Board of Directors held a meeting in absentia on February 19,
2019.
Resolutions passed on Items of the agenda:
Item 1. On approval RusHydro's Board of Directors Action Plan for the first
half of 2019.
The resolution adopted:
To approve RusHydro's Board of Directors Action Plan for the first half of
2019 (Schedule 1 to the Minutes).
Item 2. On approval of the Report on the implementation of Action Plan for
the sale of non-core assets of the Company for 2018.
The resolution adopted:
To approve the Report on the implementation of the Action Plan for the sale
of non-core assets of RusHydro for 2018 (Schedule 2 to the Minutes).
Item 3. On approval of the transactions completed by the Company:
3.1. On approval of transactions for the gratuitous transfer of the
Company's property to third parties.
The resolution adopted:
1. To approve the conclusion of an Agreement on the Gratuitous Transfer
(Donation) of Property (hereinafter referred to as the Agreement) under the
following material terms and conditions:
Parties to the Agreement:
The Donor is the Company.
The Donee is the Russian Federation represented by the Interregional
Territorial Administration of the Federal Agency for State Property
Management in the Khabarovsk Territory and the Jewish Autonomous Region.
Subject Matter of the Agreement:
The Donor shall gratuitously transfer and the Donee shall accept ownership
of real estate and movable assets of the hydrometeorological network in
accordance with Schedule 3 and Schedule 4 to the Minutes (hereinafter
referred to as the Property) for the subsequent assignment of the right of
operational management to the Federal State Budgetary Institution Far East
Hydrometeorology and Environmental Monitoring Department .
Price (book value) of the Property (as of December 31, 2018):
20,674,861 (twenty million six hundred seventy-four thousand eight hundred
sixty-one) rubles and 28 kopecks.
2. To approve the conclusion of an Agreement on the Gratuitous Transfer
(Donation) of Property (hereinafter referred to as the Agreement) under the
following material terms and conditions:
Parties to the Agreement:
The Donor is the Company.
The Donee is the rural settlement Gimry Village of the Untsukulsky District
of the Republic of Dagestan represented by the Administration of the
Municipal Formation Gimry Village of the Untsukulsky District of the
Republic of Dagestan.
Subject Matter of the Agreement:
The Donor shall gratuitously transfer and the Donee shall accept in
ownership the real estate asset - the road transport structure "Bridge" with
cadastral number 05:35:000022:113, 113 m long, located at: the Republic of
Dagestan, Untsukulsky District, Gimry Village, Irganayskaya HPP in
accordance with Schedule 5 to the Minutes (hereinafter, the Property).
Price (book value) of the Property (as of December 31, 2018):
98,977,438 (ninety-eight million nine hundred seventy-seven thousand four
hundred thirty-eight) rubles and 26 kopecks.
3. To approve the conclusion of an Agreement on the Gratuitous Transfer
(Donation) of Property (hereinafter referred to as the Agreement) under the
following material terms and conditions:
Parties to the Agreement:
The Donor is the Company.
The Donee is the Russian Federation represented by the Territorial
Administration of the Federal Agency for State Property Management in the
Stavropol Territory. [1]
Subject Matter of the Agreement:
The Donor shall gratuitously transfers and the Donee shall accept in
ownership the real estate asset - hydraulic structure "Differential No. 1
With a Dam" with the cadastral number 26:15:000000:3586, 1,860 m long,
located at: Stavropol Territory, Kochubeyevsky District, 7,850 m in a
south-westerly direction from the central part of the Dvortsovskoye Village
according to Schedule 6 to the Minutes (hereinafter, the Property) for
subsequent assignment of the right of operational management to the Federal
State Budgetary Institution Department of Land Reclamation and Agricultural
Water Supply in the Stavropol Territory.
Price (book value) of the Property (as of December 31, 2018):
3,469,704 (three million four hundred sixty-nine thousand seven hundred
four) rubles and 54 kopecks.
3.2. On approval of a transaction for the gratuitous transfer of the
Company's property.
The resolution adopted:
To approve the conclusion of an agreement on making a contribution to the
property of Small HPPs of Altai JSC (hereinafter, the Agreement) as a
transaction related to the gratuitous transfer of the Company's property on
the following material terms:
Parties to the Agreement:
RusHydro
Small HHPs of Altai JSC
Subject of the Agreement:
Making a contribution (in cash) to the property of Small HPPs of Altai JSC.
The contribution amount is 4,071,399 (four million seventy-one thousand
three hundred ninety-nine) rubles and 00 kopecks.
Other terms of the Agreement:
The period for the contribution is until February 25, 2019.
Item 4. On approval of the Company's internal documents:
On approval of the Regulation on the evaluation of the activities of the
Board of Directors and committees of the Board of Directors of RusHydro.
The resolution adopted:
To approve the Regulations on the evaluation of the activities of the Board
of Directors and committees of the Board of Directors of RusHydro (Schedule
7 to the Minutes).
Item 5. On determining the position of RusHydro (RusHydro's delegates) in
the management bodies of its subsidiaries:
The resolution adopted on items 5.1 - 5.5: Confidential.
Item 6. On considering matters of significance to the Company:
6.1. On the approval of reports concerning the results of activity of the
Committees of the Board of Directors of RusHydro.
The resolution adopted:
1) To approve the report concerning the results of the activity of the
Audit Committee of the Board of Directors of the Company for the first
half of the 2018-2019 corporate year (Schedule 12 to the Minutes).
2) To approve the report concerning the results of the activity of the HR
and Remunerations (Nominations) Committee of the Board of Directors of the
Company for the first half of the 2018-2019 corporate year (Schedule 13 to
the Minutes).
3) To approve the report concerning the results of the activity of the
Strategy Committee of the Board of Directors of the Company for the first
half of the 2018-2019 corporate year (Schedule 14 to the Minutes).
4) To approve the report concerning the results of the activity of the
Investment Committee of the Board of Directors of the Company for the
first half of the 2018-2019 corporate year (Schedule 15 to the Minutes).
5) To approve the report concerning the results of the activity of the Far
East Power Industry Development Committee of the Board of Directors of the
Company for the first half of the 2018-2019 corporate year (Schedule 16 to
the Minutes).
6) To approve the report concerning the results of the activity of the
Reliability, Energy Efficiency and Innovations Committee of the Board of
Directors of the Company for the first half of the 2018-2019 corporate
(MORE TO FOLLOW) Dow Jones Newswires
February 22, 2019 01:48 ET (06:48 GMT)
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