Results of the Board of Directors Meeting on May 27, 2021
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on May 27, 2021.
Resolutions passed on Items of the agenda:
Item 1: On approval of the Development Strategy of RusHydro Group for the period up to 2025 with a view to 2035.
Adopted Resolution:
To approve the Development Strategy of RusHydro Group for the period up to 2025 with a view to 2035 (Schedule No. 1 to the Minutes).
Item 2: On approval of the restated Regulation on Dividend Policy of RusHydro.
Adopted Resolution:
To approve the restated Regulation on Dividend Policy of RusHydro as per Schedule No. 2 to the Minutes.
Item 3: On considering the Report on the functioning and assessment of the corporate Internal Control and Risk Management System.
Adopted Resolution:
- To approve the Report on the functioning and assessment of the corporate Internal Control and Risk Management System (Schedule No. 3 to the Minutes).
- To instruct the Company to develop a Plan to improve the internal control and risk management system of RusHydro, for 2022-2023, based on the report consideration results and assessments of the internal control and risk management system.
About RusHydro
RusHydro Group is the leading producer of renewable energy in Russia. It is Russia's largest generating company and is the third hydropower company 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.
