JSC RusHydro 92XY Results of the BoD on October 30, 2012

  JSC RusHydro (92XY) - Results of the BoD on October 30, 2012

RNS Number : 9247P
JSC RusHydro
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
Stock Exchange.

The Company will decide on the placement of bonds in case of favorable  market 
conditions.

                                     ***

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 
Ust'-Ilimskaya HPPs.

The competition is held to improve the qualification of personnel, share  best 
practices in power equipment control and increase safety of operation services
at HPPs.

                                     ***

The Board of Directors approved the report on execution of Board of Directors'
commissions.

 

For more information:

JSC RusHydro, Investor Relations Department

Tel. +7 (495) 225-3232 ext. 1319, 1394, 1607

ir@rushydro.ru

 

DISCLAIMER

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
 
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STRMBBATMBBJMLT -0- Oct/31/2012 07:00 GMT