RusHydro Announces Launch of Employee Stock Option Plan
OREANDA-NEWS. February 08, 2011. JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that JSC Hydroinvest (a 100%-subsidiary of JSC RusHydro), which was appointed the Company's stock option plan operator, concluded corporate procedures for approving plan parameters. The respective resolution was adopted by JSC Hydroinvest's Board of Directors.
The total volume of the plan equals to 3,178,775,724 shares. The source of shares within the stock option plan are shares that were not distributed within the framework of JSC RusHydro's first option plan, as well as shares currently held by JSC Hydroinvest.
Within the plan, the price for one (1) share is RUR 1.4967. The term for implementing the Program is 2 years.
The plan participant list includes Management Board members, directors as well as employees of JSC RusHydro's headquarters and branch directors.