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RusHydro

October 2, 2020

Results of the Annual General Meeting of Shareholders of RusHydro

October 2, 2020. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces the results of the Annual General Meeting of shareholders (AGM) held in absentia on September 30, 2020 in Moscow.

Key highlights:

- AGM approved dividend in the amount of RUB 0,03568039 per share or RUB 15.7 billion in total (average of dividends paid over the previous 3 years);

- AGM elected 13 members to the Board of Directors;

- AGM elected 5 members to the Company’s Audit Commission;

- AGM approved amendments to the Articles of Association and other internal documents.

***

The AGM reviewed the agenda consisting of 14 items and approved the Company’s 2019 Annual Report including the report on sustainable development, dividend distribution for 2019, annual accounting (financial) statements and elected members to the Board of Directors and to the Company’s Audit Committee.

The AGM approved the following distribution of profit for 2019 (in RUB mn):

Retained profit for the reporting period

38,644.8

Reserve fund

1,932.2

Development of the Company

21,038.6

Dividends

15,674.0

The AGM resolved to pay dividends in the amount of RUB 0,03568039 per share (average of dividends paid over the previous three years in accordance with the new dividend policy) and recommended dividend record date – October 10, 2020.

***

The AGM elected 13 members to the Board of Directors:

  • Maxim Bystrov, Chairman of the Management Board, JSC ATS, NP Market Council;

  • Pavel Grachev, CEO, PJSC Polyus;

  • Alexey Kozlov, Assistant to Deputy Prime Minister of the Russian Federation;

  • Lev Kuznetsov, General Director, First Deputy of the Chairman of the Board of Directors of JSC UK Intergeo;

  • Yuri Manevich, Deputy Minister of Energy of the Russian Federation;

  • Vyacheslav Pivovarov, General Director, Altera Capital;

  • Nikolay Rogalev, Chancellor, Moscow Power Engineering Institute, Federal Research University;

  • Dmitry Snesar, Department Director, Senior Vice President, VTB Bank;

  • Yuriy Trutnev, Deputy Chairman of the Government of the Russian Federation — Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District;

  • Natalia Filippova, Deputy Director of Secretariat of Deputy Chairman of the Government of the Russian Federation — Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District;

  • Aleksey Chekunkov, General Director, Far East Development Fund;

  • Andrei Shishkin, Vice-President for Energy, Localization and Innovation, PJSC Rosneft Oil Company;

  • Nikolay Shulginov, Chairman of the Management Board — Director General of PJSC RusHydro.

***

The AGM elected the following candidates to the Company's Auditing committee:

  • Nataliya Annikova, member of PJSC RusHydro’s Audit Committee;

  • Andrey Gabov, Deputy Director of the Department of the Ministry of Economic Development of Russia

  • Tatyana Zobkova, Deputy Head of Department, Ministry of Energy of the Russian Federation;

  • Jakub Malsagov, Chief specialist-expert of the Department of Management of the Federal Agency for State Property Management;

  • Igor Repin, Deputy Executive Director of the Association of Professional Investors.

***

The AGM resolved to pay remuneration to the members of the Board of Directors based on their performance for the period of June 28, 2019 – September 30, 2020 in the amount and under the procedure set in the Regulations on remuneration to members of the Board of Directors of RusHydro.

***

The AGM approved CJSC PriceWaterhouseCoopers as its auditor. PriceWaterhouseCoopers is one of the top four audit/consulting companies in Russia and worldwide. It has won the competitive tender to audit PJSC RusHydro in 2018-2020.

***

In order to comply with the legislation requirements and implementation of leading corporate practices, the AGM approved new editions of the following internal regulations of PJSC RusHydro:

  • Articles of Association;

  • Regulations on procedure for convening and holding general meeting of shareholders;

  • Regulations on procedure for convening and holding meetings of the Board of Directors;

  • Regulations on the Company’s Management Board.

  • Regulation on remuneration and compensation to members of the Internal Audit Commission of the Company.



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