PJSC RusHydro (HYDR)
PJSC RusHydro: Results of the Board of Directors Meeting on June 21, 2019
24-Jun-2019 / 08:34 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 June 21, 2019
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that
the Company's Board of Directors held a meeting on June 21, 2019.
Resolutions passed on Items of the agenda:
Item 1. On the consideration of matters of significance to the Company:
Progress of the construction of Ust-Srednekanskaya HPP.
The resolution adopted:
To take into consideration information on the progress of the construction
of Ust-Srednekanskaya HPP (Schedule 1 hereto).
Item 2. Matters of the organization of internal control and risk management.
2.1. On approval of the report on the functioning and the results of
internal assessment of the corporate system of internal control and risk
management.
The resolution adopted:
1. To approve the report on the functioning and the assessment results of
the internal control and risk management system (Schedule 2 hereto).
2. To instruct the Company to develop an action plan based on the assessment
of the internal control and risk management system conducted as of 2018
year-end.
Item 2.2. On approval of the Internal Control and Risk Management Policy of
RusHydro Group.
The resolution adopted:
1. To approve the Internal Control and Risk Management Policy of RusHydro
Group (Schedule 3 hereto).
2. To declare null and void the Internal Control and Risk Management Policy
of RusHydro approved by decision of the Company's Board of Directors
(Minutes No. 227 dated November 16, 2015).
Item 2.3. On approval of the Risk-Appetite Methodology of RusHydro Group.
The resolution adopted:
To approve the Risk-Appetite Methodology of RusHydro Group (Schedule 4
hereto).
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.: 11063
EQS News ID: 829247
End of Announcement EQS News Service
(END) Dow Jones Newswires
June 24, 2019 02:35 ET (06:35 GMT)
