United Company RUSAL Plc : Reduction of Production Volumes
HONG KONG -- March 3, 2013
Regulatory News :
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.
UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)
REDUCTION OF PRODUCTION VOLUMES
This announcement is made pursuant to Rule 13.09 of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing
Rules”) and the Inside Information Provisions (as defined under the Listing
Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of
the Laws of Hong Kong).
Reference is made to the announcement of the Company dated 27 August 2012
regarding the program of replacement of less effective production facilities.
United Company RUSAL Plc (the “Company”) (Paris:RUSAL) (Paris:RUAL) announces
that the Board of Directors of the Company (the “Board”) considered the
productivity of the Company and in order to maintain a competitive position of
the Company in the global aluminium market resolved to reduce the primary
aluminium production at the less efficient aluminium smelters currently owned
and operated by the Company by approximately 300,000 tonnes by the end of
The long term strategy of gradual reduction of primary aluminium production of
the Company shall be considered by the Board later.
The reduction may be subject to certain corporate and statutory approvals.
Shareholders and potential investors are advised to exercise caution when
dealing in the securities of the Company.
By Order of the board of directors of
United Company RUSAL Plc
4 March 2013
As at the date of this announcement, the executive Directors are Mr. Oleg
Deripaska, Ms. Vera Kurochkina, Mr. Maxim Sokov and Mr. Vladislav Soloviev,
the non-executive Directors are Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr.
Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr. Christophe
Charlier, Mr. Artem Volynets, Mr. Dmitry Yudin, Mr. Vadim Geraskin, and the
independent non-executive Directors are Mr. Barry Cheung Chun-yuen, Dr. Peter
Nigel Kenny, Mr. Philip Lader, Ms. Elsie Leung Oi-sie and Mr. Matthias Warnig
All announcements and press releases published by the Company are available on
its website under the links http://www.rusal.ru/en/investors/info.aspx and
United Company RUSAL Plc
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