DJ PJSC RusHydro: Results of the Board of Directors Meeting on September 30, 2020
PJSC RusHydro (HYDR)
PJSC RusHydro: Results of the Board of Directors Meeting on September 30,
2020
02-Oct-2020 / 08:41 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 September 30, 2020
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that
the Company's Board of Directors held a meeting on September 30, 2020.
Resolutions passed on Items of the agenda:
Item 1: On Approval of the Report on Interim Performance Results of the
Company's Business Plan for 2020, Taking into Account the Actual Results for
H1 2020 (inter alia, the Report on the Investment Program Implementation,
Including the Complex Modernization Program for Generating Facilities, for
H1 2020).
Adopted Resolution:
To approve the report on interim performance results of the Company's
Business Plan for 2020, taking into account the actual results for H1 2020
(including the report on the Investment Program implementation, including
the Complex Modernization Program for Generating Facilities, for H1 2020)
(Schedule 1 to the Minutes).
Item 2: On the Status of Execution of the Priority Projects for the
Construction of Facilities in the Far East.
Adopted Resolution:
1. To take in consideration the information on the status of execution of
the priority projects for the construction of facilities in the Far East
(Schedule No. 2 to the Minutes).
2. To assign the Company's Management to put together an action plan for
completion of construction of the first phase of high-voltage 110kV
Pevek-Bilibino overhead lines in 2023.
Item 3: On Consideration of Results of the Company's Corporate Governance
Practices Assessment.
Adopted Resolution:
To take in consideration the results of the external and internal assessment
of the Company's corporate governance practices, the results of the
Company's Board of Directors self-assessment, as well as the key areas for
further improvement of corporate governance and the work of the Company's
Board of Directors (Schedule No. 3 to the Minutes).
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. The Group's total electricity generation capacity
including Boguchanskaya HPP is 38 GW.
For more information:
Investor Relations Department
Tel. +7 (495) 122 0555 ext. 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 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.: 85293
EQS News ID: 1138488
End of Announcement EQS News Service
(END) Dow Jones Newswires
October 02, 2020 02:41 ET (06:41 GMT)
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