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 email@example.com 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 END STRMBBATMBBJMLT -0- Oct/31/2012 07:00 GMT
JSC RusHydro 92XY Results of the BoD on October 30, 2012
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