01.07.2015
printable version
RSS

Results of the Board of Directors on June 25, 2015

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on June 25, 2015.

***

The Board of Directors elected Yuri Trutnev, Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District, as Chairman of the Board.

Yury Trutnev was born on March 1, 1956, in Perm. In 1978 he graduated from the Perm Polytechnical Institute. From 2004 to 2012 Trutnev was Minister of Natural Resources of the Russian Federation. In 2013, he was appointed Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District.

***

The Board of Directors approved a share purchase agreement between RusHydro and JSC Federal Grid Company of Unified Energy System (FGC UES) for purchase of shares of JSC Energy Main Computer Center (EMCC), qualified as interested party transaction, and determined the price of 16,280 ordinary shares of EMCC to be acquired under the agreement from FGC UES in the amount of RUB 568,000,000.

***

The Board of Directors approved an assignment of claim agreement between RusHydro and FGC UES, qualified as interested party transaction, and determined the price of FGC UES’s rights (monetary claim) to EMCC assigned to RusHydro under the agreement in the amount of RUB 97,979,060.38.
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.
Your application has been accepted. The answer will be prepared and sent within 20 calendar days. ok