1st Sep 2015 15:58
September 1, 2015
Reorganization of the Far Eastern Generating Company via spin-off of Luchegorsky Coal Strip Mine is completed
On September 1st Reorganization of the JOINT STOCK COMPANY "FAR-EASTERN GENERATING COMPANY" (JSC "FEGC") via spin-off of Luchegorsky Coal Strip Mine was completed. Changes, reflecting the reorganization were made in the Unified State Register (EGRUIL).
Earlier decision on the reorganization was made by the Board of Directors of Public Joint Stock Company "Far-Eastern Energy Company" (PJSC "FEEC"), acting in capacity of Extraordinary General Meeting of Shareholders of JSC "FEGC".
JSC "FEEC" is subsidiary of Public Joint Stock Company "RAO Energy Systems of the East" (a subsidiary of PJSC "RusHydro").
JSC "FEGC" is 100% subsidiary of JSC "FEEC".
Luchegrosky Coal Strip is providing brown coal to Primorskaya TPP owned by JSC "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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