RusHydro’s shares to be included in T+2 settlement on the Moscow Exchange
JSC RusHydro announces that the Company’s shares (state registration number 1-01-55038-Е of February 22, 2005) will be included in the introduction of a T+2 market with partial collateral and deferred settlement of trades on the Moscow Exchange from March 25, 2013.
The deferred settlement of trades is an internationally accepted standard applied in foreign trading venues. According to the Moscow Exchange moving to T+2 will make Russian assets more accessible to foreign investors, which is very important for increasing liquidity on the Russian market and help the investors to achieve operational cost savings and risk reduction.
RusHydro shares will be included in T+2 settlement at the first stage of this trading system implementation as one of the most liquid securities traded on the Moscow Exchange.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the “Securities Act”) or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One 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 and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.