21.11.2014
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Results of the Board of Directors on November 20, 2014

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on November 20, 2014.


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In order to execute the government's decisions No. 4955p-P13 of 17.07.2014, No. 7389p-P13 of 31.10.2014 and No. 7439p-P13 of 05.11.2014 the Board of Directors of RusHydro approved a long-term development program of RusHydro Group and a standard for review of implementation of the long-term development program of RusHydro Group.


The Board of Directors approved the amendments to the Regulation on remuneration of members of the Management Board of RusHydro approved by the Board of Directors on November 19, 2010 with the amendments dated May 23, 2014.


The Board of Directors commissioned Mikhail Poluboyarinov, Chairman of the Board, to define terms of the addendum to labor agreement and sign this addendum with Evgeny Dod, Chairman of the Management Board – Director General of RusHydro. The Addendum provides for changes to labor agreement in accordance with the amended Regulation on remuneration of the Management Board members of RusHydro as well as personal responsibility for the long-term development program performance.


The Board of Directors commissioned Evgeny Dod, Chairman of the Management Board – Director General of RusHydro, to:

  • make the amendments to labor agreements with the Company’s Management Board members in accordance with the amended Regulation on remuneration of the Management Board members of RusHydro;

  • report on an annual basis labor productivity data using the Company’s account on the state property management web page in accordance with the labor productivity calculation procedure approved in the long-term development program of RusHydro Group.   

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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