Dow Jones received a payment from EQS/DGAP to publish this press release.
PJSC RusHydro (HYDR)
PJSC RusHydro: Results of the Board of Directors Meeting on April 19, 2019
22-Apr-2019 / 15:37 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 April 19, 2019
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that
the Company's Board of Directors held a meeting on April 19, 2019.
Resolutions passed on Items of the agenda:
Item 1: Approval of the Regulation on the RusHydro Dividend Policy.
The resolution adopted:
1) To approve the new version of the Regulation on the RusHydro Dividend
Policy (Appendix 1 to the Minutes).
2) To take into account the information related to the factors affecting
the pricing of the stock of RusHydro PJSC, which were analyzed in
accordance with the instruction by the Board of Directors (Minutes No.284
dated March 26, 2019), as well as the measures implemented, aimed at stock
price growth.
Item 2: On the prolongation of the grace period on a loan of DGK JSC,
provided as part of the implementation of a forward transaction with VTB
Bank (PJSC).
The resolution adopted:
For the purpose of stabilizing the financial and economic position of DGK
JSC, to approve the prolongation until March 27, 2021, (inclusive) of the
grace period for the payment of accrued interest by DGK JSC determined under
clause 1.2 of the resolution of the Board of Directors dated December 26,
2016 (Minutes No. 246 dated December 27, 2016).
Item 3: On the review of the results of the assessment of corporate
management practice and the report on the results of the self-assessment of
the Company Board of Directors.
The resolution adopted:
1) To take into account the results of the assessment of the corporate
management practice of the Company, performed by the Internal Audit
Service of the Company, and the recommendations for improving corporate
management (Appendix 2 to the Minutes).
2) To take into account the results of the external assessment of
corporate management and note the positive dynamics of the assessment of
independent experts.
3) To take into account the Report on the results of the self-assessment
of the activities of the RusHydro PJSC Board of Directors and proposals to
improve the work of the Board of Directors (Appendix 3 to the Minutes).
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: MSCM
TIDM: HYDR
LEI Code: 2534005TJN9DX4YWVT97
OAM Categories: 2.2. Inside information
Sequence No.: 8293
EQS News ID: 802135
End of Announcement EQS News Service
(END) Dow Jones Newswires
April 22, 2019 09:37 ET (13:37 GMT)
