Change of RusHydro’s interest in Yakutskenergo
RusHydro announces that it has reduced its stake in Yakutskenergo.
RusHydro’s ownership of Yakutskenergo’s voting shares held indirectly via the Company’s subsidiary RAO ES of East has been reduced from 57.6267% to 49.3657%
The total number of votes accrued to the voting shares of Yakutskenergo has been changed due to decision of the Annual General Meeting of shareholders of the company (AGM), held on May 23,2013, on the dividend omissions. As a result, the holders of preferred shares of Yakutskenergo can exercise voting right starting from the next meeting after the AGM.
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.
Shares / ADR