JSC Inter RAO UES IRAO Result of Meeting

  JSC Inter RAO UES (IRAO) - Result of Meeting

RNS Number : 6134H
JSC Inter RAO UES
13 July 2012
 



          Results of the Board of Directors meeting of INTER RAO UES

 

Moscow, July 13, 2012 - Open Joint  Stock Company "INTER RAO UES" ("INTER  RAO 
UES", "Company", ticker on MICEX-RTS, LSE (Reg. S): IRAO; on LSE (Rule 144 A):
IRAA), the largest  diversified utilities  holding  in Russia,  announces  the 
results of  the  Board  of Directors  meeting  of  INTER RAO  UES  ("Board  of 
Directors") held on July 12, 2012 by absentee voting.

 

The Board of Directors considered and adopted the following resolutions:

1.   Elect Mr.  Grigory M. Kurtser,  President of Public  Joint Stock  Company 
"Russian regional development bank" (PJSC "RRDB"), as Chairman of the Board of
Directors of INTER RAO UES.

2.   Elect Mr. Alexey  G. Sergeev, Head of  Directorate for Corporate  Events, 
Corporate Relations Department, Corporate and Property Relations Unit of INTER
RAO UES, as a Secretary of the Board of Directors of INTER RAO UES.

3.   Determine  the quantitative  composition of  the Audit  Committee of  the 
Company's Board of Directors - 4 persons.

4.   Form Audit Committee of the Company's Board of Directors as follows:

-     Alexander M. Lokshin, Member  of the Company's Management Board,  Deputy 
Director General  and Director  of the  Nuclear Power  Complex Directorate  of 
State Atomic Energy Corporation "Rosatom";

-     Oleg M.  Budargin, Chairman  of the  Management Board  of "Federal  Grid 
Company of Unified Energy System", JSC;

-     Denis V. Fedorov, Head of  the Directorate for Power Sector  Development 
and Marketing  in Power  Generation, Gazprom  OJSC, General  Director of  OJSC 
Tsentrenergoholding, General Director of Gazprom energoholding LLC;

-     Vyacheslav  M. Kravchenko  -  Chairman of  the  Management Board  of  NP 
"Market Council".

4.1. Elect Alexander M. Lokshin as the Chairman of the Audit Committee of  the 
Company's Board of Directors.

5.   Determine  the  quantitative  composition  of  the  HR  and  Remuneration 
Committee of the Company's Board of Directors - 5 persons.

6.   Form HR and Remunerations Committee  of the Company's Board of  Directors 
as follows:

-     Oleg M. Budargin, Chairman of the Management Board of "Federal Grid
Company of Unified Energy System", JSC;

-     Alexander M. Lokshin, Member of the Company's Management Board, Deputy
Director General and Director of the Nuclear Power Complex Directorate of
State Atomic Energy Corporation "Rosatom";

-     Denis V. Fedorov, Head of the Directorate for Power Sector Development
and Marketing in Power Generation, Gazprom OJSC, General Director of OJSC
Tsentrenergoholding, General Director of Gazprom energoholding LLC;

-     Dmitry E. Shugaev, Deputy Director General of State Corporation for
Assistance to Development, Production and Export of Advanced Technology
Industrial Product "Rostekhnologii";

-     Ferdinando F. Beccalli - President and Chief Executive Officer (CEO)  of 
GE Europe & North Asia.

6.1. Elect  Dmitry E.  Shugaev as  the Chairman  of the  HR and  Remunerations 
Committee of the Company's Board of Directors.

7.   Еlect the Strategy  and Investments Committee of  the Company's Board  of 
Directors as follows:

 

-     Vasily  V.  Nikonov  -  Director of  the  Power  Generation  Department, 
Ministry of Energy of the Russian Federation.

-     Andrei Е. Bougrov - Deputy CEO, Member of the Management Board, Interros
Holding Company.

-     David Hеxter - International Advisor, XENON Capital Partners.

-     Andrei  V. Kazachenkov  - Deputy  Chairman of  the Management  Board  of 
"Federal Grid Company of Unified Energy System", JSC.

-     Vyacheslav M. Kravchenko - Chairman of the Management Board of NP
"Market Council".

-     Ilnar I. Mirsiyapov, Member of the Executive Board, Head of the Strategy
and Investments Unit, JSC «INTER RAO UES».

-     Gleb S. Nikitin - Deputy Head, Federal Property Management Agency.

-     Dmitry E. Shugaev - Deputy Director General of State Corporation for
Assistance to Development, Production and Export of Advanced Technology
Industrial Product "Rostekhnologii".

8.   Approve the Map of Key Risks of INTER RAO UES for the year 2012.

9.   Approve the revised Regulations on the Procedure on Disposal of  Non-Core 
Assets of INTER RAO UES.

10. Take into account  the Report submitted by  the Management Board of  INTER 
RAO UES in respect to actions  involving non-core assets as prescribed by  the 
Appendix enclosed hereto.

11. Approve the Register of Non-Core Assets of INTER RAO UES.

12. Approve related-party transactions.

13. Approve the revised Regulations on the Strategy and Investments  Committee 
of the Board of Directors of INTER RAO UES.

14. Pay  a  lump-sum  bonus  against  the  accomplishment  of  a  particularly 
important assignment to the following member of Company's Management Board for
his significant contribution  in the  implementation project for  the sale  of 
block of shares in JSC  Enel OGK-5 (26.43% of  share capital), carried out  in 
accordance with the  Company's Development  Strategy and  Basic Principles  of 
Managing Blocks of Shares being owned by, or under control of the Company, and
provided a positive financial result for the Company:

-     Member of the Management Board - Head of Strategy and Investments  Unit, 
Ilnar .I.Mirsiyapov.

15. Define the  size of  a bonus  for accomplishing  a particularly  important 
assignment.

The foregoing information is disclosed  in compliance with the Securities  Act 
of the Russian Federation.

 

 

For further information, please contact INTER RAO UES:

 

Irina Makarenko                      Head of  Investor Relations       +7  495 
967-05-27 (ext. 2008)

makarenko_ia@interrao.ru

Anton Nazarov                        Head of Public Relations          +7  495 
967-05-27 (ext. 2208)

nazarov_aa@interrao.ru

Svetlana  Chuchaeva                  Head  of  Corporate  Relations   +7   495 
967-05-27 (ext.2081)

                                              chuchaeva_sy@interrao.ru

 

INTER RAO UES is a diversified  utilities holding headquartered in Moscow  and 
managing assets  in  different  countries.  The  company  produces  and  sells 
electric energy  and heat,  trades  energy on  the international  market,  and 
engineers, designs and builds generating assets. INTER RAO UES Group owns  and 
operates approximately 28,000 MW of installed power generating capacity. INTER
RAO UES corporate strategy  is focused on making  the company a global  energy 
enterprise and a key player in the international energy market. 

 For further information see www.interrao.ru

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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ROMLIFEDDIIVLIF -0- Jul/13/2012 08:00 GMT