DJ PJSC RusHydro: Results of the Board of Directors meeting on November 10, 2020
PJSC RusHydro (HYDR)
PJSC RusHydro: Results of the Board of Directors meeting on November 10,
2020
11-Nov-2020 / 16:51 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 November 10, 2020
November 11, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR;
OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting
in absentia on November 10, 2020.
The Board of Directors re-elected Deputy Chairman of the Government of the
Russian Federation - Plenipotentiary Representative of the President in the
Far Eastern Federal District Yury Trutnev as its Chairman. He has been the
Chairman of the Board of Directors of PJSC RusHydro since 2015.
The Board of Directors elected Nikolay Rogalev, Chancellor of Moscow Power
Engineering Institute, Federal Research University as Deputy Chairman of the
Board of Directors of RusHydro.
***
In light of Nikolay Shulginov's appointment as Minister of Energy of the
Russian Federation pursuant to the Decree of the President of the Russian
Federation, the Board of Directors terminated his powers as Chairman of the
Management Board, General Director of RusHydro on 10.11.2020 and appointed
Victor Khmarin as acting Chairman of the Management Board, General Director
of the Company.
Victor Khmarin joined RusHydro in 2015 Deputy Director General on economics,
investments and procurement and was later appointed as Deputy Director
General on resource allocation and prospective development. In 2019, he
became a member of the Management Board and in September 2020 was appointed
as First Deputy Director General. He is responsible for strategic and
ongoing transactions aimed at achieving the optimal equity shareholding
structure, interaction with potential investors, implementation of
international projects as well as fuel supply, procurement, resource and
logistics planning and formation of pricing and cost management for the
Group's needs.
Victor Khmarin does not own shares in the company's authorized capital.
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 38.0 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.: 87699
EQS News ID: 1147402
End of Announcement EQS News Service
(END) Dow Jones Newswires
November 11, 2020 10:51 ET (15:51 GMT)
