OREANDA-NEWS. JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on May 12, 2015, to address issues related to the Annual General Meeting of Shareholders (AGM).

Key highlights:

  • AGM to be held on June 26, 2015 in Krasnoyarsk;
  • Record date for AGM participation – May 25, 2015;
  • Board of Directors recommends paying dividends in the amount of RUB 0.01561855 per share;
  • Dividend record date – July 7, 2015.

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The Board of Directors resolved to convene the AGM on June 26, 2015 at the following address: Dubrovinsky str., 43, bld. 1, Krasnoyarsky Krai, Krasnoyarsk, Russia.

The AGM will start at 12.00 (local time), the registration for participants will start at 10.00 (local time).

The record date for AGM participation is May 25, 2015[i].

The shareholders can review the documents on the day of the AGM or within 30 days prior to the AGM at the following locations:

  • Moscow, 7 Malaya Dmitrovka Street (on working days from 10:00 a.m. to 6:00 p.m., Moscow time); telephone: +7 800 333 8000 /+7 (495) 225-3232; +7 (800) 333-8000 ext. 1824; 1025; mail receipt/delivery: ext. 1832, 4185;
  • Moscow, 18/13 Stromynka Street; JSC R.O.S.T., Company's registrar (on working days from 10:00 a.m. to 6:00 p.m., Moscow time); telephone: +7 (495) 771-7336;
  • Krasnoyarsk, Dubrovinsky str., 43, bld. 1, (on working days from 10:00 a.m. to 6:00 p.m., local time); telephone: +7 (913) 031-7104;

The notification of the AGM will be published in Rossiyskaya newspaper, as well as on RusHydro’s corporate website not later than 30 days prior to the date of AGM.

The Board of Directors appointed Maxim Zavalko, Deputy Head of corporate governance and property management department as Corporate Secretary of AGM.

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The Board of Directors approved the agenda for the 2014 Annual General Meeting of Shareholders:

  1. Approval of the Company’s 2014 Annual Report.
  2. Approval of the Company’s 2014 annual accounting statements.
  3. Distribution of profit for 2014.
  4. Dividend payment for 2014 and determination of dividend record date.
  5. Remuneration of the Board of Directors (Supervisory Board) members (non-government officials) in the amount determined by the internal documents of the Company.
  6. Election of members to the Board of Directors of RusHydro.
  7. Election of members to the Audit Commission.
  8. Approval of the Company's auditor.
  9. Approval of the amended Articles of Association of the Company.
  10. Approval of the amended Regulations on convening and holding the general meeting of shareholders of RusHydro.
  11. Approval of the amended Regulations on convening and holding the Board of Directors’ meetings.
  12. Approval of the amended Regulations of the Company’s Audit Commission.
  13. Approval of the amended Regulations of the Company’s Management Board.
  14. Approval of the amended Regulations on remuneration of the Board of Directors.
  15. Approval of the amended Regulations on remuneration of the Company’s Audit Commission.
  16. On RusHydro’s participation in non-commercial partnership Russian-Chinese Business Council (RCBC).
  17. Approval of the Company’s interested-party transactions.

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The Board of Directors preliminary approved the Company’s 2014 Annual Report and annual accounting statements.

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The Board of Directors has preliminarily approved and recommended to the AGM the following distribution of profit for 2014 (in RUB):

Retained profit for the reporting period

30,729,255,631.93

Reserve fund

1,536,462,781.60

Accumulation fund

23,160,042,559.17

Dividends

6,032,750,291.16

The Board of Directors recommended that the AGM approves dividend payment in the amount of RUB 0.01561855 per share.

The dividend record date is July 7, 2015.

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The Board of Directors recommended to the AGM JSC PriceWaterhouse Coopers Audit as the auditor of RusHydro’s 2015 accounting statements.