Results of the Extraordinary General Meeting of shareholders of RusHydro
April 19 2013 - 8:37AM
OTC Markets
Results of
the Extraordinary General Meeting of shareholders of
RusHydro
JSC
RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY)
announces the results of the Extraordinary General Meeting of
shareholders (EGM) of RusHydro held on April 19,
2013.
***
The EGM
approved early termination of powers of the Board members elected
by the Annual General Meeting of shareholders (AGM) on June 29,
2012, and elected 13 members to the new Board of
Directors:
-
Boris Ayuev;
-
Eduard Volkov;
-
Ilya Gubin;
-
Viktor Danilov-Danilyan;
-
Evgeny Dod;
-
Viktor Zimin;
-
Viktor Kudryavy;
-
Denis Morozov;
-
Denis Nozdrachev;
-
Vyacheslav Pivovarov;
-
Mikhail Poluboyarinov;
-
Bernd Pfaffenbach;
-
Vladimir Stolyarenko.
***
The EGM approved the liability and financial risk
insurance agreement for Directors, Officers and the Company between
RusHydro and Ingosstrakh Insurance Company, qualified as an
interested party transaction, and set the price (monetary value) of
services under agreement at USD 78,000 at the exchange rate of the
Central Bank of Russia as of the date of payment (VAT
free).
The subject of the agreement is Directors and Officers
liability (D&O) insurance that protects the company, its
subsidiaries and managers from claims which may arise from the
decisions and actions taken within the scope of their regular
duties. The agreement is valid through December 31,
2013.
RusHydro is required to sign such agreement according
to its Insurance Regulations approved by the Board of Directors on
May 23, 2011; and First Deputy Prime Minister of Russia Igor
Shuvalov’s commission of September 29, 2011, on gradual
implementation of liability insurance for the Board
members.
For more information:
JSC RusHydro, Investor Relations
Department
Tel. +7 (495)
225-3232
ext. 1319, 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.
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