13.04.2018
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RusHydro sells stake in Pension fund of the Electric Power Industry

April 13, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on April 10, 2018.


The Board of Directors approved exit from charter capital of Non-State Pension Fund of the Electric Power Industry via sale of 73,090 614 shares of JSC Non-State Pension Fund of the Electric Power Industry (or 0.6% of the Fund’s charter capital) at Rub 1.01 per share for total consideration of Rub 73.8 mn. The 0.6% stake does not allow RusHydro to influence the Fund’s operations and the stake is included in RusHydro’s Register of non-core assets. The transaction is carried out in accordance with the mandatory buy-out pursuant the Federal Law on Joint-Stock Companies in framework of merger of The Company has obtained the stake in 2014 in the result of reorganization of the pension fund. The sale is implemented in the context of merger of the Non-State Pension Fund of the Electric Power Industry with LUKOIL-GARANT private pension fund.
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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