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Avitrans increases its stake in RusHydro to 5.96%

3 May 2018 14:56

RNS Number : 0694N
PJSC RusHydro
03 May 2018
 

LLC Avitrans increases its stake in RusHydro to 5.96%

May 3, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that it has received a notification from LLC Avitrans, confirming that it has increased its share in the Company to 5.9565%.

As of April 16, 2018 LLC Avitrans held 25,391,737,466 shares in PJSC RusHydro, representing 5.9565% of the share capital and voting rights in the Company. LLC Avitrans previously held a 3.066% stake in PJSC RusHydro or 13,068,024,458 shares.

Mikhail Shelkov is a controlling person of ZAO Biznes Alyans Company, which is a controlling company of LLC Promishlennie Investitsii. LLC Promishlennie Investitsii is a controlling company of CADOR ENTERPRISES LIMITED and JIVANTA VENTURES LIMITED, which in turn are shareholders of PJSC VSMPO-AVISMA Corporation and have an equal share ownership of 30% minus one share. PJSC VSMPO-AVISMA Corporation holds 100% of shares and voting rights in LLC Avitrans.

 

About RusHydro

RusHydro Group is one of Russia's largest generating companies. RusHydro is the leading producer of renewable energy in Russia with over 70 generating facilities in Russia and abroad. The company also manages a number of R&D, engineering and electricity retail companies. Group's thermal assets are operated by subsidiary - RAO Energy System of East in the Far East of Russia. Total electricity generation capacity of the Group is 39 GW, heat capacity - 16.2 thousand GCal/h.

Russian Federation owns 60.56% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on Moscow Exchange (MOEX), and included in MSCI EM и MSCI Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.

 

For more information:

Investor Relations Department

Tel. +7 (800) 333 8000 ext. 1607, 1319, 1304

ir@rushydro.ru

 

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. 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 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, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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