the basis of competitive procedures (competitive selection, capital project bidding) conducted in accordance with the WECM Rules and Joining Contract provisions. Due to the specifics of building relations between companies on the WECM, the Company has no opportunity to influence the selection of potential counterparties. In view of the above, M. S. Bystrov has no opportunity to influence the material terms of conclusion of the said contracts/agreements. ** 61.73% of the RusHydro ordinary shares are owned by the Russian Federation represented by the Federal Agency for State Property Management, and 12.95% of the RusHydro ordinary shares are owned by VTB Bank (PJSC) which is also controlled by the Russian Federation. The data are given subject to outstanding shares of the additional issue No. 1-01-55038-E-043D dated August 27, 2018. *** M. S. Bystrov is the SO UES JSC Board member, as well as the ATS JSC Management Board Chairman and Member of the Board of Directors, and the Management Board Chairman and Supervisory Board Member at NP Market Council Association. CFR JSC (through ATS JSC) and Market Council TC ANO, are controlled entities of NP Market Council Association. **** Karachaevo-Cherkesskenergo JSC and Kabbalkenergo JSC are controlled entities of Rosseti PJSC, the Board of Directors whereof includes M. S. Bystrov. ***** STC UPS Protivoavariynoe Upravlenie JSC is a controlled entity of UES Research Center JSC, the Board of Directors whereof includes M. S. Bystrov. ****** M. S. Bystrov is a member of the Board of Directors of Rosseti PJSC, which controls PJSC FGC UES. ******* By resolution of the NP Market Council Association Supervisory Board (previous name - NP ATS) dated November 30, 2007, since April 01, 2008, ATS JSC has been charged with performing functions of the wholesale market commercial operator regarded, under Article 33, Clause 1 of the Russian Federal Law on the Electric Power Industry, as a wholesale market commercial infrastructure organization. 6.4. Confidential. Adopted Resolution: Confidential. About RusHydro RusHydro Group is the leading producer of renewable energy in Russia. It is Russia's largest generating company and is the fourth in the world with over 400 generating facilities. The Group's total electricity generation capacity including Boguchanskaya HPP is 38 GW. For more information: Investor Relations Department Tel. +7 (495) 122 0555 ext. 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. ISIN: US7821834048, RU000A0JPKH7 Category Code: MSCM TIDM: HYDR LEI Code: 2534005TJN9DX4YWVT97 OAM Categories: 2.2. Inside information Sequence No.: 90380 EQS News ID: 1157449 End of Announcement EQS News Service
(END) Dow Jones Newswires
December 24, 2020 09:45 ET (14:45 GMT)