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.
***
The Board of Directors approved the agenda for the
Annual General Meeting of Shareholders.
***
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
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35,959.4
|
Reserve fund
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1,798.0
|
Development of the Company
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10,857.9
|
Dividends
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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.
***
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.
***
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.
***
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.
***
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.
***
The Board also instructed the Management to
develop RusHydro Groups’ digital transformation strategy until (and
including) 2024 by September 1, 2021.
***
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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