Results of the EGM of RusHydro
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Extraordinary Shareholder meeting (EGM), scheduled for December 25, 2015, was recognized inquorate.
The EGM agenda included issues on increase of the Company’s share capital, issue of guarantee to secure obligations of RAO ES of the East to the Russian Federation through signing guarantee agreement and implementation of transaction aimed at raising funds in the amount of RUB 85 bn from VTB Bank (PJSC) in order to refinance debt of RAO ES of the East Holding.
RusHydro will continue implementation of measures aimed at maintaining financial stability of RAO ES of the East.
The Company is already undertaking steps aimed at mitigating risks related to RAO ES of the East Holding’s debt.
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