- Oops!Something went wrong.Please try again later.
PJSC RusHydro (HYDR)
Results of the Board of Directors Meeting on May 27, 2021
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.
Resolutions passed on Items of the agenda:
Item 1: On approval of report on divestment of the Company's none-core assets for the first quarter of 2021.
Item 2: On approval of changes to the single provision on procurement for the needs of RusHydro Group.
Item 3: On approval of the Company's policy on occupation health and safety.
To approve the RusHydro Group Job Safety Policy as per Schedule No. 4 to the Minutes.
Item 4: On determination of position of the Company (its representatives) in governing bodies of subsidiaries.
Adopted Resolution: Confidential.
Item 5: On consideration of issues of material importance for the Company:
5.1. On ensuring accelerated consideration of requests for utility connection and applicants' documents as part of the procedure of utility connection to power grids of military infrastructure facilities.
In view of particular importance of qualitative and timely utility connection of military infrastructure facilities, as well as in pursuance of Order No. AN-P51-567 of the Government of the Russian Federation dated January 22, 2021 to take in consideration the information on the work carried out by RusHydro (Schedule No. 7 to the Minutes).
5.2. On the construction of Krapivinskaya HPP.
To take in consideration the information on the status of the project for Krapivinskaya HPP construction completion (Schedule No. 8 to the Minutes).
5.3. On the involvement of Russian engineering companies in projects implemented by Company abroad.
To instruct the Management Board of the Company to ensure that:
5.4. On ensuring development (updating) of the Company digital transformation strategy (program) for a period not less than until 2024 inclusive.
To instruct the Management Board of the Company:
Item 6: On Approving the Agenda of the Annual General Meeting of Company Shareholders.
Approve the agenda of the Annual General Meeting of Company Shareholders to be held on the 2020 results, as follows:
Item 7: On recommendations to the Annual General Meeting of Company Shareholders on matters related to the AGM agenda:
7.1. On Recommendations to the Annual General Meeting of Company Shareholders as to: Approval of distribution of the Company profit as of year-end of 2020.
Approve preliminarily, and recommend the Annual General Meeting of Company Shareholders to approve, the distribution of the Company profit as of year-end 2020 as follows:
7.2. On Recommendations to the Annual General Meeting of Company Shareholders as to: On the amounts, due dates and forms of dividend payment on the basis of performance for 2020, and on fixing the date of record for persons entitled to dividends.
To pay dividends on ordinary shares of the Company based on the results of 2020 in the amount of RUB 0.0530482 per one share.
Form of payment of dividends: monetary.
To establish July 10, 2021 (the 10th day from the date of the decision to pay dividends) as the date on which the persons entitled to receive dividends shall be determined.
The dividend payment period for a nominee holder or beneficial owner that is a professional participant in the securities market registered in the Company's shareholder register shall not exceed 10 business days, and for other persons registered in the Company's shareholder register, it shall not exceed 25 business days from the date when the persons entitled to dividends are determined.
Item 8: On the Matters Related to Convening, Preparing and Holding the Annual General Meeting of Company Shareholders.
RusHydro Group is the leading producer of renewable energy in Russia. It is Russia's largest generating company and is the third hydropower company in the world with over 400 generating facilities. The Group's total electricity generation capacity including Boguchanskaya HPP is 38.0 GW.
For more information:
Investor Relations Department
Tel. +7 (495) 122 0555 ext. 1304
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.
2.2. Inside information
2.2. Inside information
EQS News ID:
End of Announcement
EQS News Service