Results of the Board of Directors on September 20, 2012
JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces the results of the Board of Directors held in absentia on September 20, 2012.
The Board considered the issue of expediency of disposal of a number of its core assets that operate in adequately competitive environment. The proposal was initiated by representatives of the majority shareholder – Russian Federation – in RusHydro’s Board of Directors following the government directive.
Given the fact that the all core assets enable the Company to pursue its main goals and activities as defined by its Articles of association and guarantee the reliability and safety of Russian power system as a whole, the Board resolved that it’s not expedient to divest any core assets.
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.
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