30 Apr 2013

Results of the Board of Directors Meeting

Source: RNS
RNS Number : 5727D
JSC Inter RAO UES
30 April 2013
 



Results of the Board of Directors meeting of INTER RAO UES

Moscow, April 30, 2013 - Open Joint Stock Company "INTER RAO UES" ("INTER RAO UES", "Company", ticker on MICEX-RTS, LSE (Reg. S): IRAO; on LSE (Rule 144 A): IRAA), the largest diversified utilities holding in Russia, announces the results of the Board of Directors meeting of INTER RAO UES ("Board of Directors") held on April 29, 2013 in the form of absentee voting.

The Board of Directors considered and adopted the following resolutions:

1. Approve related-parties transactions.

2. Determine the standpoint of INTER RAO UES (its representatives') on issues of the agendas of the General Meetings of Shareholders (Participants) and the Board of Directors meetings of its subsidiaries and affiliated (dependent) companies.

3. Approve participation of INTER RAO UES in other organizations, in particular:

- Approve change in value of the share of INTER RAO UES in the authorized capital of Bashkir Generation Company, Limited Liability company solely owned by INTER RAO UES, through performance of the additional contribution to the authorized capital of "Bashkir Generation Company".

- Approve termination of participation of INTER RAO UES in the authorized capital of Limited Liability Company "Bashkir Heat Distribution Network" through placing a share of INTER RAO UES in the authorized capital of Limited Liability Company "Bashkir Heat Distribution Network" as an additional contribution of the sole participant into the authorized capital of Bashkir Generation Company.

- Approve termination of participation of INTER RAO UES in the authorized capital of Limited Liability Company "CCPP TEC-5" in favor of Bashkir Generation Company through placing a share of INTER RAO UES in the authorized capital of Limited Liability Company "CCPP TEC-5" as an additional contribution of the sole participant into the authorized capital of Bashkir Generation Company.

4. Approve the report of the Board of Directors on implementing the measures of the Cost Control Program of INTER RAO UES for 12 months of 2012.

5. Approve the report on implementation of INTER RAO UES Innovation Development Program of 2016 with a Prospectto 2020.

6. Approve the report on implementation of Quarterly Key Performance Indicators (KPI) and targets of INTER RAO UES for the fourth quarter of the year 2012.

7. Approve the report on implementation of Quarterly Key Performance Indicators (KPI) and Targets of INTER RAO UES for the year 2012.

8. Take note of the Company Management report on preparation of the Annual General Meeting of Shareholders of INTER RAO UES.

9. Examine the Company's report on conformity to the laws of the Russian Federation concerning insider information handling and market manipulation as of the 1st quarter 2013.

10. Approve the critical risks scheme and action plan to manage critical risks of the INTER RAO UES Group for 2013.

11. Postpone consideration of transactions which result or may result in liabilities of INTER RAO UES, in an amount equal to or exceeding 5% of book value of INTER RAO UES assets at a later date.

12. Approve of combining by the members of the Management Board of INTER RAO UES positions in corporate bodies of other organizations.

13. Postpone determination of the size of remuneration and compensation paid to the Chairman and members of the Management Board of INTER RAO UES at a later date.

 

The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.

For further information, please contact INTER RAO UES:

Irina Makarenko                                  Head of Investor Relations        +7 495 664-88-40 (ext. 2008)

makarenko_ia@interrao.ru

Anton Nazarov                                    Head of Public Relations           +7 495 664-88-40 (ext. 2208)

nazarov_aa@interrao.ru

Svetlana Chuchaeva                             Head of Corporate Relations     +7 495 664-88-40 (ext.2081)

chuchaeva_sy@interrao.ru 

INTER RAO UES is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. INTER RAO UES Group owns and operates approximately 33,500 MW of installed power generating capacity. INTER RAO UES corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market. 

 For further information see www.interrao.ru 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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