19th May 2015 08:10
May 19, 2015
FEGC submitted notification on reorganization to EGRUL
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) informs that on May 13, 2015, the Board of Directors of JSC Far Eastern Energy Company (FEEC), acting in capacity of the Extraordinary General Meeting of Shareholders of JSC Far Eastern Generating Company (FEGC) made decision to spin-off of Joint-Stock Company Luchegorsky Coal Mine (JSC LUR) from FEGC. On May 15 mandatory filing on the spin-off was made with the Unified State Registrar (EGRUL).
JSC Far Eastern Energy Company is subsidiary of JSC RAO Energy System of East (a subsidiary of JSC RusHydro).
JSC Far Eastern Generating Company is 100% subsidiary of JSC Far Eastern Generating Company.
Luchegrosky Coal Strip is providing brown coal to Primorskaya HPP owned by FEGC.
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 37.5 GW, heat capacity - 16.2 thousand GCal/h.
Russian Federation owns 66.8% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on the MICEX and RTS stock exchanges, 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
DISCLAIMER
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "plan", "aim", "target", "forecast", "project", "should", "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 and political conditions, our competitive environment, risks associated with operating in Russia and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.
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