February 27, 2017. 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 February 21, 2017.
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The Board of Directors approved Provision on
RusHydro’s information policy in new edition aimed to increase
transparency and adopt best corporate governance practices and recent
regulatory requirements both domestic and foreign.
***
The Board of Directors approved working plan of
the Board of Directors for the first half of 2017.
***
The Board of Directors approved the agreement for
services of regulation of reactive electric power without production
of electricity between RusHydro and JSC SO UES (System Operator of
United Power Systems).
***
The Board of Directors instructed RusHydro's
representatives at the AGM of JSC Karachayevo-Cherkessia
Hydrogeneration Company to approved a loan agreement in regard to RUB
244 485 thousand between RusHydro and Karachayevo-Cherkessia
Hydrogeneration Company. The purpose of the loan is to replenish
working capital of the subsidiary.
***
The Board of Directors approved Committees’
activities reports:
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The Board of Directors took notice of design and
budgeting documents on adjustment of investment program for 2017 and
2018-2020.
***
The Board of Directors approved the disposal of
RusHydro shares belonging to RAO ES of East PJSC via sales agreement
with the squeezed-out shareholders of RAO ES East, PJSC in March 13,
2016.
***
The Board of Directors approved the rescheduling
of the review of findings of Ministry of energy field inspections of
investment projects of thermal plants in the Far East to April 2017.
***
The Board of Directors took notice on measures
aimed at raising funds for repayment RAO ES East debt.
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The Board of Directors approved report on disposal
of non-core assets in 2016. During the year the Company disposed of
157 objects, including: 115 objects were sold, 41 objects donated and
1 written-off.
***
The Board of Directors approved report on the
Company charitable activity for 2016 and program for 2017.
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