20 May 2014 10:38
Federal Grid Company Announces AGM
Moscow, 20 May 2014 - Federal Grid Company of Unified Energy System ("Federal Grid Company" or "the Company") (Moscow Exchange, LSE: FEES), part of the Russian Grids Group of companies and operator of Russia's Unified National Energy Grid ("UNEG"), announces that its Board of Directors decided on 12 May 2014 that the FGC Annual General Meeting (AGM) will take place at 11:00 (Moscow time) on 27 June 2014 in Moscow at Hotel «InterContinental Moscow Tverskaya» Tverskaya Ulitsa 22.
The shareholder register cutoff date for the AGM is 23 May 2014.
Enquiries: |
Analysts / investors | ||
Office | ||
Vladimir Baklanov | +7 (495) 710 9064 | |
Egor Toropov | +7 (495) 710 9333 ext. 2275 | |
Alexey Novikov | +7 (495) 710 9333 ext. 2143 | |
International media | ||
ЕМ | Office | Mobile |
Tom Blackwell | +7 (495) 363 2841 | +7 (919) 102 9064 |
Sam VanDerlip | +44 20 3709 5714 | +44 7554 993 032 |
About Federal Grid Company
Federal Grid Company is part of OJSC Russian Grids is the operator and manager of Russia's unified electricity transmission grid system. The company operates over 135.1 thousand km of transmission lines and has over 334 MVA of installed transformer capacity. Based on the length of transmission lines and transformer capacity in place, Federal Grid is the largest publicly traded electricity transmission company in the world.
Federal Grid's business is to provide electricity transmission and technological connection services.It maintains and develops the grid system and supervises grid facilities and infrastructure in75 regions of Russia, covering a territory of 14.8 million square kilometres. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises. The Company is a natural monopoly with 80.13% stake controlled by Russian Grids.
Federal Grid Company was incorporated in June 2002 as part of reorganisation of Russia's electrical power industry.
Federal Grid Company's common shares are included on Moscow Exchange under the ticker FEES and the Company's GDRs are listed on the London Stock Exchange and traded under the same FEES symbol.
In 2013 the Company's IFRS consolidated revenue was RUB 157,970 million, while adjusted EBITDA was RUB 92,551 million, and adjusted profit for the period was RUB 23,405 million.
Further information can be found at www.federal-grid.com
Further information about Russian Grids can be found at www.rugrids.ru/eng