Results of the Board of Directors Meeting on February 11, 2020

 

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on February 11, 2020.

 

Resolutions passed on Items of the agenda:

 

Item 1: On approval of the report on execution of action plan aimed at divestment of non-core assets and optimization of RusHydro Group's corporate structure for 2019.

Resolution adopted:

1. To note the Company's work with regard to the optimization of RusHydro Group's structure.

2. To approve the Report on the implementation of the Action Plan
for the sale of RusHydro's non-core assets for 2019 in accordance with Schedule 1 to the Minutes.

 

Item 2: On consideration of matters of significant importance to the Company.

2.1. On the approval of RusHydro Group's Technical Policy.

Resolution adopted:

1. To approve RusHydro Group's Technical Policy in accordance with Schedule 2 to the Minutes.

2. To improve RusHydro Group's Technical Policy (with regard to the addition of targets thereto) and submit it to the Company's Board of Directors for approval.

 

2.2. On approval of the Board of Directors' work plan for the first half of 2020.

Resolution adopted:

To approve the Action Plan for RusHydro's Board of Directors for H1 2020 (Schedule 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 in Russia and Armenia. The Group's total electricity generation capacity including Boguchanskaya HPP is 39.7 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. +7 (495) 122 0555 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 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.