Results of the Board of Directors meeting on April 3, 2020
April 6, 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 3, 2020.
According to the deadline specified by law, The Board of Directors reviewed the Company shareholders’ proposals on the nomination of candidates for election to the management and supervisory bodies of RusHydro. Following the review, the Board included Mikhail Voevodin – General Director of PJSC VSMPO-AVISMA Corporation in the list of candidates to the Board of Directors for voting at the Annual General Shareholders Meeting (AGM) on 2019 results.
The Board of Directors also took into consideration absence of the Company shareholders’ proposals for placement on the AGM agenda and resolved to convene another meeting no later than May 27, 2020 on approval of the AGM Agenda and the final list of candidates to the Board of Directors and the Audit committee for voting at AGM.
In accordance with item 7 article 53 of Federal Law on Joint Stock Companies, the Board of Director may nominate candidates at its own discretion along with the candidates nominated by shareholders. Upon receipt of the proposals from Rosimushchestvo on the nomination of candidates for election, the Board of Directors will review them and resolve on including them for voting at the AGM.
The Board of Directors approved the report on fulfillment of 2019 KPIs of the Group’s members of the Management board as well as the report on fulfillment of their long-term incentive plan for 2017-2019.
Shares / ADR