PJSC RusHydro: Results of the Board of Directors Meeting on May 28, 2020

PJSC RusHydro (HYDR) 
PJSC RusHydro: Results of the Board of Directors Meeting on May 28, 2020 
 
01-Jun-2020 / 09:00 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 is solely responsible for the content of this announcement. 
 
      Results of the Board of Directors Meeting on May 28, 2020 
 
 PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that 
the Company's Board of Directors held a meeting in absentia on May 28, 2020. 
 
            Resolutions passed on Items of the agenda: 
 
     Item 1: Updating the Charity and Sponsorship Program of the Company for 
            2020. 
 
            Resolution adopted: 
 
    1. To update the Charity and Sponsorship Program of the Company for 2020 
            (the "Program") as follows: 
 
  Clause 6.5 shall be added to section "Measures Aimed at the Socio-Economic 
   Development of the Constituent Entities of the Russian Federation" of the 
            Executive Office to read as follows: 
 
6.5   To finance the construction of an infectious 25,000,000.00 
       diseases hospital in the city of Saratov in 
                                the Saratov Region 
 
   2. The expenses associated with the charity provided for in Clause 6.5 of 
  the Program shall not be taken into account when summing up the respective 
 annual key performance indicators of members of the Management Board of the 
Company in 2020 and key performance indicators of the second cycle Long-Term 
            Motivation Program of the Company for 2018-2020. 
 
            About RusHydro 
 
 RusHydro Group is the leading producer of renewable energy in Russia. It is 
Russia's largest generating company and is the fourth in the world with over 
          400 generating facilities in Russia and Armenia. The Group's total 
     electricity generation capacity including Boguchanskaya HPP is 39.5 GW. 
 
       Russian Federation owns 61.20% in RusHydro, the rest is held by other 
     institutional and individual shareholders (over 360,000). The company's 
     stock is traded on the Moscow Stock Exchange. Company's GDRs in the IOB 
            section of LSE, ADRs - in OTCQX. 
 
            For more information: 
 
            Investor Relations Department 
 
            Tel. [phone] ext. 1304 
 
            [e-mail] 
 
      The information in this press release may contain projections or other 
  forward-looking statements regarding future events or the future financial 
     performance of RusHydro. You can identify forward looking statements by 
      terms such as "expect," "believe," "anticipate," "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 
 conditions, our competitive environment, risks associated with operating in 
 Russia, rapid technological and market change 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.:   67041 
EQS News ID:    1059771 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

June 01, 2020 03:00 ET (07:00 GMT)