At the Regular Meeting of JSC RusHydro’s Board of Directors
October 15th, 2010. Moscow, Russia. JSC RusHydro (ticker symbols: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that on October 15th, 2010 a meeting of the Company's Board of Directors was held in absentia.
Based on a competitive tender process, JSC RusHydro's Board of Directors adopted JSC Registrar R.O.S.T. as the Company's new registrar, due to the fact that they (R.O.S.T.) offered the most favorable terms of cooperation. The key criteria for selection, apart from price, were significant practical experience in the sphere of registrar services and the existence of developed infrastructure and qualified personnel, as well as sound business reputation.
Prior to the transfer of the registry, every person registered in the registry has the right to receive references from JSC CMD (the previous registrar) on entries to his/her client account with JSC CMD. This information will be provided in chronological order.
The transfer of the registry of the Company's shareholders from JSC CMD to the new registry holder, JSC Registrar R.O.S.T., is planned to be concluded on November 1st, 2010.
On September 15th, 2010, JSC RusHydro's Board of Directors resolved to dissolve the agreement on maintaining and keeping the Company's shareholder registry that the Company had previously concluded with JSC CMD, due to the revocation of JSC CMD's license. The Company's Board of Directors also entrusted the Chairman of JSC RusHydro's Management Board with organizing the competitive process for selecting a new registrar, who would maintain and keep the Company's shareholder registry.
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