28.05.2021
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RusHydro’s Board of Directors recommends dividends for 2020

May 28, 2021. 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 May 27, 2021 to address dividend distribution for 2020 as well as other matters.


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The Board of Directors approved the agenda for the Annual General Meeting of Shareholders.


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The Board of Directors has recommended to the AGM to approve the following distribution of profit for 2020 (in RUB mn):


Retained profit for the reporting period

35,959.4

Reserve fund

1,798.0

Development of the Company

10,857.9

Dividends

23,303.5

The Board of Directors recommended the AGM to approve dividend in the amount of RUB 0.0530482 per share and recommended dividend record day – July 10, 2021. According to PJSC RusHydro’s Dividend Policy, the dividend distribution is calculated as the average of dividends paid over the previous three years.


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The Board of Directors approved changed to the Single provision on procurement for the needs of RusHydro Group.


The changes expedite procurement procedures of locally manufactured goods and services, participation in RusHydro’s procurement procedures by small and medium size businesses and improve efficiency in the course of selecting the providers.


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The Board of Directors approved RusHydro Group’s policy on occupational health and safety.


The policy provides for employer’s compliance with government approved regulatory requirements in the area of occupational health and safety including voluntary requirements and sets the main regulations for avoidance of occupational injuries.


The key principles of RusHydro Group’s policy include preservation of life and health of employees, providing safety in all working conditions and zero tolerance to breach of occupational safety requirements.


The previously approved policy in 2015 covered only the Company’s fossil fuel power plants, power grids and construction companies.


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In accordance with the decree of the government of the Russian Federation, the Board of Directors reviewed and took into consideration the information on the Company’s progress in technological connection to electric grids military infrastructure facilities.


From 2018 to 2020, RusHydro Group has fulfilled its obligations in accordance with the agreements and the facilities have been connected to grids in the Far East Federal District.


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The Board of Directors instructed the Company’s Management to employ RusHydro’s engineering companies in the course of carrying out projects outside of the Russian Federation or other Russian companies in the event of absence of the necessary expertise.


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The Board also instructed the Management to develop RusHydro Groups’ digital transformation strategy until (and including) 2024 by September 1, 2021.


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The Board of Directors approved the report on divestment of PJSC RusHydro’s none-core assets for the first quarter of 2021.

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