JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) has been informed that Mr. Evgeny Dod, Chairman of the Management Board and member of the Board of Directors of RusHydro, has increased his shareholding in the Company from 0.01% to 0.054% as of July 6, 2011.
The Company has been notified of the change July 6, 2011.
Mr. Dod purchased the shares for the proceeds from sale of Inter RAO shares, where he was Chairman of the Management Board before joining RusHydro.
The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.
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