JSC MRSK Holding (MRSK) - Appointment of Acting General Director
RNS Number : 3592S
29 November 2012
Alexey Demidov appointed acting Director General of MRSK-Centre
29November2012, Moscow, Russia - MRSK Holding (LSE: MRSK) (the "Company"),
the largest electricity distribution grid company in Russia, today announces
that the Board of Directors of JSC MRSK-Centre, a subsidiary of the Company,
has decided to terminate early the responsibilities of Dmitry Gudgoyan as
Director General of JSC MRSK-Centre on November 27, 2012.
The Board of Directors of JSC MRSK-Centre has appointed Alexey Demidov, First
Deputy of Operating Director of the Company, as Acting Director Generalof JSC
MRSK-Centre, effective November 28, 2012.
The decision was taken at the meeting of the Board of Directors of JSC
MRSK-Centre which was held on November 28, 2012.
For further information:
Julia Martynova, IR
+7(495) 995 5333 (ext. 2070)
Larisa Millings / Marc Cohen
+44 20 7831 3113
Oleg Leonov / Maria Shiryaevskaya
MRSK Holding is the largest electricity distribution grid company in Russia
and, the Company believes, one of the largest electricity distribution grid
companies in the world by length of distribution lines and installed
transformer capacity. MRSK Holding holds interests in and manages 11
interregional and five regional distribution grid companies in Russia. As at
31 December 2011, MRSK Holding together with its subsidiaries owned and
operated approximately 2.1 million kilometres of electricity distribution
lines with a total installed transformer capacity of approximately 395 GVA.
Through its subsidiaries, the Company operates in 69 regions of Russia,
covering an area of approximately 7.8 million square kilometres occupied by
approximately 85 percent of Russia's total population according to Rosstat.
The Company reported revenues of RUB 302.7 billion and net profit of
RUB15.6billion for the first half of 2012.
Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of MRSK Holding. You 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. 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, rapid technological and market change in
our industry, as well as many other risks specifically related to MRSK Holding
and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange
BOALLFVELILAFIF -0- Nov/29/2012 15:31 GMT
Press spacebar to pause and continue. Press esc to stop.