JSC RusHydro (92XY) - Results of the BoD on October 30, 2012
RNS Number : 9247P
31 October 2012
October 31^th, 2012
Results of the Board of Directors on October 30, 2012
JSC RusHydro announces that the Company's Board of Directors held a meeting in
absentia on October 30, 2012.
The Board of Directors made a decision on the potential placement of four
domestic bonds of series 07-10 in the total amount of RUR 40 bn via open
subscription and approvedbonds' prospectus and related documentation.
The Company may place domestic bonds in the amount of 40 mn securities with
par value of RUR 1,000 each.
The possibility of placing up to RUR 40 bn of domestic bonds, divided into
four issues up to RUR 10 bn each, will provide the Company for additional
flexibility in making decisions on timetable of placement and maturity of
bonds that can be determined during placement depending on the number of the
investors' demand for securities with different duration. The start date of
placement and other essential conditions will be determined before making
decision on raising funds.The securities are planned to be traded on the MICEX
The Company will decide on the placement of bonds in case of favorable market
The Board of Directors approved the agreement between RusHydro (represented by
GVC Energetiki) and Irkutskenergo as interested-party transaction with total
value RUR 1,345,200. The subject of the agreement is organization of regional
competition between the personnel of Irkutskenergo, Bratskaya, Irkutskaya and
The competition is held to improve the qualification of personnel, share best
practices in power equipment control and increase safety of operation services
The Board of Directors approved the report on execution of Board of Directors'
For more information:
JSC RusHydro, Investor Relations Department
Tel. +7 (495) 225-3232 ext. 1319, 1394, 1607
The information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of RusHydro. One 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 and rapid
technological and market changes in our industries, as well as many other
risks specifically related to RusHydro and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange
STRMBBATMBBJMLT -0- Oct/31/2012 07:00 GMT
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