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PJSC RusHydro (HYDR)
PJSC RusHydro: Results of the Board of Directors Meeting on March 26, 2019
29-March-2019 / 15:45 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer / publisher is solely responsible for the content of this
announcement.
Results of the Board of Directors Meeting on March 26, 2019
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that
the Company's Board of Directors held a meeting on March 26, 2019.
Resolutions passed on Items of the agenda:
Item 1. On execution of the Business Plan of the Company for 2018 (including
the report on the execution of the Investment Program, including the Complex
Modernization Program for Generating Facilities for 2018).
The resolution adopted:
To approve the report on the execution the Business Plan of the Company for
the year 2018 (including the report on the execution of the Investment
Program, including the Complex Modernization Program for Generating
Facilities for the year 2018) (Appendix 1 to the Minutes).
Item 2. On approval of the report on the implementation of the consolidated
Business Plan (including the consolidated Investment Program) of RusHydro
Group for 2018.
The resolution adopted:
To approve the Report on the Implementation of the Consolidated Business
Plan (including the consolidated Investment Program and the action plan for
the optimization of costs based on the results of an external independent
cost audit at RusHydro, including its subsidiaries) of RusHydro Group for
2018 (Appendix No. 2 to the Minutes).
Item 3. On approval of the report on the achievement of the Company's (the
Management Board members') key performance indicators.
The resolution adopted:
1. To approve the Report on the Achievement of the Company Management Board
Members' Annual Key Performance Indicators for 2018 for the following
indicators: "Return on Equity (ROE)", "Earnings before Interest, Taxes,
Depreciation and Amortization (EBITDA)", "Share of Purchases from Small and
Medium Enterprises, %, Including based on Results of Purchases Only from
Small and Medium Enterprises", "Productivity of Labor", "Prevention of More
Than the Limit Number of Breakdowns, Pcs.", "Observation of Facility
Commissioning Schedules and the Financing and Development Plan, %", as per
Appendix No. 3 to the Minutes.
2. To postpone consideration of the item on fulfillment of the annual key
performance indicator "Reduction of Operating Expenses (Costs), %" for 2018
to another scheduled meeting of the Board of Directors.
Item 4. Confidential.
The resolution adopted: Confidential.
About RusHydro
RusHydro Group is one of Russia's largest generating companies. RusHydro is
the leading producer of renewable energy in Russia with over 400 generating
facilities in Russia and abroad. The company also manages a number of R&D,
engineering and electricity retail companies. Group's thermal assets are
operated by subsidiary - RAO Energy System of East in the Far East of
Russia. Total electricity generation capacity of the Group is 39.4 GW, heat
capacity - 18.5 thousand GCal/h.
Russian Federation owns 60.56% in RusHydro, the rest is held by other
institutional and individual shareholders (over 360,000). The company's
stock is traded on Moscow Exchange (MOEX), and included in MSCI EM - MSCI
Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.
For more information:
Investor Relations Department
Tel. +7 (800) 333 8000 ext. 1607, 1319, 1304
ir@rushydro.ru
The information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of PJSC "RusHydro" ("RusHydro"). One can identify
forward-looking statements by terms such as "expect", "believe",
"anticipate", "plan", "aim", "target", "forecast", "project", "should",
"estimate", "intend", "will", "could", "may" or "might", the negative of
such terms or other similar expressions. We wish to caution you that these
statements are only predictions and that actual events or results may differ
materially from these statements.
We do not intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the occurrence
of unanticipated events. Many factors could cause the actual results to
differ materially from those contained in our projections or forward-looking
statements, including, among others, general economic and political
conditions, our competitive environment, risks associated with operating in
Russia and rapid technological and market changes in our industries, as well
as many other risks specifically related to RusHydro and its operations.
ISIN: US7821834048, RU000A0JPKH7
Category Code: MSCH
TIDM: HYDR
LEI Code: 2534005TJN9DX4YWVT97
OAM Categories: 2.2. Inside information
Sequence No.: 8006
EQS News ID: 793791
End of Announcement EQS News Service
(END) Dow Jones Newswires
March 29, 2019 10:46 ET (14:46 GMT)
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