9 Jun 2016 08:00
June 9, 2016
Results of the Board of Directors on June 6, 2016
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on June 6, 2016.
***
The Board of Directors took a note of the report on execution of the Company's business-plan for 2015 (including report on implementation of investment program (including comprehensive modernization program) and annual procurement plan for 2015).
***
The Board of Directors reviewed the report on execution of the Company's KPIs for the 4th quarter and 2015 and considered all KPIs, excluding "TSR", as achieved.
The Board of Directors commissioned Nikolay Shulginov, Chairman of the Management Board - General Director of RusHydro, to submit for the Board's review suggestions on methodology of calculation and valuation of RusHydro's KPIs for the next period till November 30, 2016.
***
The Board of Directors took a note of the report on implementation of RusHydro's Strategic plan for the period till 2015 with an outlook for 2020.
***
The Board of Directors approved RusHydro Group's development strategy through 2020 with an outlook for 2025.
The Board of Directors commissioned Nikolay Shulginov, Chairman of the Management Board - General Director of RusHydro, to submit the following documents for review of the Strategy Committee of the Board of Directors till December 31, 2016:
- suggestions on the structure of documents of a mid-term and long-term planning, which are the subject to the Company's Board of Directors approval;
- suggestions on amendments to the Company's Strategy with regard to initiatives in terms of state regulations of hydropower sector, positioning of the Company on the international market, management structure of RusHydro Group, including RAO ES of the East Holding).