DJ PJSC RusHydro: Results of the Board of Directors Meeting on May 17, 2019
PJSC RusHydro (HYDR)
PJSC RusHydro: Results of the Board of Directors Meeting on May 17, 2019
21-May-2019 / 08:35 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
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 May 17, 2019
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that
the Company's Board of Directors held a meeting in absentia on May 17, 2019.
Resolutions passed on Items of the agenda:
Item 1. On convening the annual General Meeting of Shareholders.
The resolution adopted:
1. To convene the Annual General Meeting of Shareholders of PJSC RusHydro as
a meeting (joint presence) (the "Meeting").
To determine the date of the annual General Meeting of Shareholders of PJSC
RusHydro: June 28, 2019.
To determine the time of the Meeting: the beginning of the Meeting shall be
at 10:30 a.m. (Moscow time).
To determine the start time of registration of persons participating in the
Meeting: 9:00 a.m. (Moscow time).
To determine the venue of the Meeting: 12 Krasnopresnenskaya Naberezhnaya,
Congress Hall, Floor 2, Congress Center, Entrance No. 4, World Trade Center
(WTC), Moscow, Russian Federation.
2. To approve the date on which the persons entitled to participate in the
Meeting shall be determined (fixed): June 3, 2019.
Item 2. Electing the Deputy Chairman of the Board of Directors of the
Company.
The resolution adopted:
1) To terminate the powers of the Deputy Chairman of the Board of
Directors of the Company Sergey Nikolayevich Ivanov.
2) To elect Nikolay Dmitriyevich Rogalev as Deputy Chairman of the Board
of Directors of the Company.
Item 3. On approval of the Report on the implementation of the Action Plan
for the sale of noncore assets of the Company for Q1 2019.
The resolution adopted:
1. To approve the Report on the implementation of the Action Plan
for the sale of noncore assets of PJSC RusHydro for Q1 2019
Schedule No. 1 to the Minutes.
2. To make the following amendments to the Register of Noncore Assets of the
Company approved by the decision of the Company Board of Directors dated
December 24, 2018 (Minutes No. 281):
- To exclude the facility JSC HydroEngineering Siberia
- To change the planned method of disposition of the facilities "Concrete
plant building: construction laboratory building" and "Concrete plant
structure: gallery" from "gratuitous transfer" to "direct sale in favor of
JSC Zagorskaya Pumped Storage Hydropower Plant-2"
Item 4. Approval of transactions completed by the Company.
4.1. On approval of transactions for the gratuitous transfer of the
Company's property to third parties.
The resolution adopted:
To approve the conclusion of a contract of donation by the controlled
organization of the Company JSC Dyakov Ust-Srednekanskaya HPP associated
with the gratuitous transfer of property to the state ownership of the
Magadan Region on the following essential terms:
Parties to the Agreement:
The Donor is JSC Dyakov Ust-Srednekanskaya HPP.
The Donee is the Magadan Region, represented by the Department of Property
and Land Relations of the Magadan Region.
Subject Matter of the Agreement:
The Donor shall gratuitously transfer to the state ownership of the Magadan
Region, and the Donee undertakes to accept and formalize-in accordance with
the procedure established by the legislation of the Russian Federation-the
state registration of the transfer of ownership of the 10-bed Facility of
the Infectious Diseases Department of the Municipal Budgetary Health-Care
Institution Srednekanskaya Central Regional Hospital in Seymchan (purpose:
nonresidential, area: 1,548.6 sq. m, number of floors: 2, including 1
underground, address (location): 13A Yuzhnaya St., the settlement of
Seymchan, Srednekanskiy District, Magadan Region, cadastral number:
49:04:010103:2661) (the "Facility"), held by the Donor in ownership, as
evidenced by entry in the Unified State Register of Real Estate No.
49:04:010103:2661-49/009/2019-1 dated March 26, 2019. The Facility shall be
transferred with equipment (laboratory, intensive care, and X-ray),
furniture, and inventory (Schedule 2 to the Minutes).
Item 5. Considering matters of significance to the Company.
5.1. Confidential.
The resolution adopted: Confidential.
5.2. Consideration of the results of comparing the level of technological
development and the values of key performance indicators of innovative
activities of RusHydro Group with the level of development and indicators of
similar leading companies.
The resolution adopted:
To postpone the execution of clause 2 of the Decision on Item 4.3 of the
meeting of the Board of Directors of the Company dated May 31, 2018 (Minutes
No. 271 dated June 1, 2018), regarding consideration by the Board of
Directors of the results of comparing the level of technological development
and the values of key performance indicators of innovative activities of
RusHydro Group with the level of development and indicators of similar
leading companies (the "Comparison") and to set the deadline for
consideration of the results of the Comparison by the Board of Directors of
the Company within 30 days after their approval by the Ministry of Energy of
Russia and the Ministry of Economic Development of Russia and the approval
of the results of the Comparison by the Interdepartmental Commission on
Technological Development under the Government Commission on Modernization
of the Economy and the Innovative Development of Russia.
5.3. On approval of the report on the implementation of the RusHydro Group
Innovative Development Program for 2016-2020 with an outlook for 2025 in
2018.
The resolution adopted:
To approve the report on the implementation of the RusHydro Group Innovative
Development Program for 2016-2020 with an outlook for 2025 in 2018 (Schedule
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
(MORE TO FOLLOW) Dow Jones Newswires
May 21, 2019 02:35 ET (06:35 GMT)
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.: 8714
EQS News ID: 813785
End of Announcement EQS News Service
(END) Dow Jones Newswires
May 21, 2019 02:35 ET (06:35 GMT)
