JSC RusHydro Announces Launch of Employee Stock Option Plan
JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that JSC Hydroinvest (a 100%-subsidiary of JSC RusHydro), which was appointed the Company's stock option plan operator, concluded corporate procedures for approving plan parameters. The respective resolution was adopted by JSC Hydroinvest's Board of Directors.
The total volume of the plan equals to 3,178,775,724 shares. The source of shares within the stock option plan are shares that were not distributed within the framework of JSC RusHydro's first option plan, as well as shares currently held by JSC Hydroinvest.
Within the plan, the price for one (1) share is RUR 1.4967. The term for implementing the Program is 2 years.
The plan participant list includes Management Board members, directors as well as employees of JSC RusHydro's headquarters and branch directors.
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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