DOCSLIB.ORG

"Federal Grid Company of Unified Energy System

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
"FEDERAL GRID COMPANY OF UNIFIED ENERGY SYSTEM", JOINT-STOCK COMPANY (incorporated under the laws of the Russian Federation) Admission to the Official List and to Trading on the London Stock Exchange of Global Depositary Receipts This prospectus (the "Prospectus") relates to an admission to listing and to trading of Global Depositary Receipts (the "GDRs"), each representing 500 issued ordinary shares with a nominal value of RUB 0.50 each (the "Shares") of Joint-Stock Company "Federal Grid Company of Unified Energy System", an open joint-stock company incorporated under the laws of the Russian Federation ("Federal Grid" and, together with its subsidiaries, consolidated in the combined and consolidated financial statements of Federal Grid, the "Group"). We have received the approval of the UK Financial Services Authority ("FSA") in accordance with the prospectus rules (the "Prospectus Rules") of the FSA made under section 73A of the Financial Services and Markets Act 2000 ("FSMA") in relation to the listing of the GDRs. There is no offering of GDRs or Shares in any jurisdiction in connection with the listing of the GDRs. This document comprises a prospectus relating to Federal Grid prepared in accordance with the Prospectus Rules. Applications have been made (1) to the FSA, in its capacity as competent authority under the FSMA to admit up to 2,511,896,256 GDRs, consisting of 3,281,929 GDRs outstanding on or about the date of this Prospectus and up to 2,508,614,327 additional GDRs to be issued from time to time, subject to the limitations and requirements of Russian law, to listing on the official list of the FSA (the "Official List"), which is expected on or about 28 March 2011 and (2) to the London Stock Exchange plc ("the "LSE") for such GDRs to be admitted to trading under the symbol FEES on the LSE's regulated market for listed securities which is regulated for the purposes of the Markets in Financial Instruments Directive 2004/39/EC. Admission to trading on the regulated market of the LSE is expected to take place on or about 28 March 2011. Trading is expected to commence on or about 28 March 2011. The price of the GDRs on the LSE will be quoted in US dollars. Prior to the listing of the GDRs, GDRs have not been listed or admitted to trading on any exchange. The Shares have been admitted to quotation list "B" of each of the Russian Trading System (the "RTS") and the Moscow Interbank Currency Exchange ("MICEX") under the symbol FEES and have been traded since 16 July 2008. The GDRs and the Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States, except to qualified institutional buyers ("QIBs") by certain US selling agents in reliance on the exemption from the registration requirements of the Securities Act provided by Rule 144A under the Securities Act ("Rule 144A"), or outside the United States to certain persons in offshore transactions in reliance on Regulation S under the Securities Act ("Regulation S"). Prospective purchasers are hereby notified that sellers of the GDRs and the Shares may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. Deutsche Bank Trust Company Americas is the depositary bank (the "Depositary") for the GDRs. The GDRs are issued pursuant to the Regulation S Deposit Agreement and Rule 144A Deposit Agreement both dated 29 February 2008, as supplemented, entered into between Federal Grid and the Depositary (the "Deposit Agreements"). The GDRs are issued in global registered form. The Regulation S GDRs are evidenced by a Master Regulation S Global Depositary Receipt (the "Master Regulation S GDR") which is registered in the name of BT Globenet Nominees Limited as nominee of Deutsche Bank AG, London Branch, as common depositary for Euroclear Bank S.A./N.V. as operator of the Euroclear System ("Euroclear") and Clearstream Banking, société anonyme ("Clearstream"). The Rule 144A GDRs are evidenced by a Master Rule 144A Global Depositary Receipt (the "Master Rule 144A GDR") which is registered in the name of Cede & Co., as nominee for the Depository Trust Company ("DTC"). Interests in Master Regulation S GDR and Master Rule 144A GDR are exchangeable for GDRs in definitive form in accordance with the provisions set out in "Terms and Conditions of the GDRs" and "Terms and Conditions of the GDRs – General Restrictions – Restrictions on Transfer". AN INVESTMENT IN THE GDRS INVOLVES A HIGH DEGREE OF RISK. SEE "RISK FACTORS" BEGINNING ON PAGE 8 FOR FACTORS THAT SHOULD BE CONSIDERED BEFORE PURCHASING GDRS. THE GDRS SHOULD ONLY BE PURCHASED AND TRADED BY INVESTORS WHO ARE PARTICULARLY KNOWLEDGEABLE IN INVESTMENT MATTERS. The date of this Prospectus is 23 March 2011 TABLE OF CONTENTS Page Summary ............................................................................................................................................................ 2 Risk Factors ........................................................................................................................................................ 8 General Information ......................................................................................................................................... 25 The Listing ....................................................................................................................................................... 31 Dividend Policy ................................................................................................................................................ 34 Capitalisation .................................................................................................................................................... 35 Selected Financial and Operating Information ................................................................................................. 36 Management's Discussion and Analysis of Financial Condition and Results of Operations ........................... 44 Qualification of Independent Auditors' Report ................................................................................................ 65 Electricity Industry in the Russian Federation ................................................................................................. 69 Business ............................................................................................................................................................ 81 Regulatory Environment ................................................................................................................................ 101 Related Party Transactions ............................................................................................................................. 105 Principal Shareholders .................................................................................................................................... 107 Management ................................................................................................................................................... 108 General Information on the Company ............................................................................................................ 118 Description of Charter Capital And Certain Requirements of Russian Legislation ....................................... 119 Terms and Conditions of the GDRs ............................................................................................................... 130 Summary of Provisions relating to the GDRs while in Master Form ............................................................. 149 Settlement and Clearing of the GDRs ............................................................................................................ 151 Taxation .......................................................................................................................................................... 153 Glossary .......................................................................................................................................................... 162 Financial Information ..................................................................................................................................... F-1 1 SUMMARY Following the implementation of the relevant provisions of Directive 2003/71/EC (the "Prospectus Directive") in each member state of the European Economic Area ("E.E.A."), no civil liability will attach to Federal Grid or those persons who are responsible for this summary in any such member state solely on the basis of this summary unless it is misleading, inaccurate or inconsistent when read together with the other parts of this prospectus. Where a claim relating to the information contained in this prospectus is brought before a court in a member state of the E.E.A., the claimant may, under the national legislation of that member state, be required to bear the costs of translating this prospectus before legal proceedings are initiated. The following summary is intended as an introduction to this Prospectus and should be read in conjunction with the more detailed information contained elsewhere in this Prospectus. Investors should base their investment decision on an examination of the entire Prospectus. Overview We own, operate or manage the unified electricity transmission grid system of the Russian Federation (the "UNEG"), totalling 121,653 kilometres of electricity
Load more

Recommended publications
  • Specialised Asset Management
    specialised research and investment group Russian Power: The Greatest Sector Reform on Earth www.sprin-g.com November 2010 specialised research and investment group Specialised Research and Investment Group (SPRING) Manage Investments in Russian Utilities: - HH Generation - #1 among EM funds (12 Months Return)* #2 among EM funds (Monthly return)** David Herne - Portfolio Manager Previous positions: Member, Board of Directors - Unified Energy Systems, Federal Grid Company, RusHydro, TGK-1, TGK-2, TGK-4, OGK-3, OGK-5, System Operator, Aeroflot, etc. (2000-2008) Chairman, Committee for Strategy and Reform - Unified Energy Systems (2001-2008) Boston Consulting Group, Credit Suisse First Boston, Brunswick. * Top 10 (by 12 Months Return) Emerging Markets (E. Europe/CIS) funds in the world by BarclayHedge as of 30 September 2010 ** Top 10 (by Monthly Return) Emerging Markets (E. Europe/CIS) funds in the world by BarclayHedge as of 31 August 2010 2 specialised research and investment group Russian power sector reform: Privatization Pre-Reform Post-Reform Government Government 52% 1 RusHydro 1 FSK RAO ES RAO UES 58% 79% hydro generation HV distribution 53% Far East Holding control control Independent energos 53% 1 MRSK Holding 14 TGKs 0% (Bashkir, Novosibirsk, ~72 energos 0% generation (CHP) generation Irkutsk, Tat) 35 federal plants transmission thermal 11 MRSK distribution 51% hydro LV distribution 0% ~72 SupplyCos supply 6 OGKs other 0% generation 45% InterRAO 0% ~100 RepairCos Source: UES, Companies Data, SPRING research 3 specialised research
    [Show full text]
  • Energy Without Borders
    2011 GENERATING ASSETS 27 THERMAL POWER PLANTS, 2 HYDROPOWER PLANTS AND 1 WIND FARM IN THE MANAGEMENT INSTALLED CAPACITY 28.2 GW (+45.8%) SHARE IN THE TOTAL INSTALLED CAPACITY OF RUSSIA 10.2% GENERATION OF ELECTRIC POWER 116.9BN KW*H (+37.3%) BOILER HEAT THERMAL POWER 19.8M GCAL (+0.5%) POWER SUPPLY ASSETS ENERGY POWER SUPPLY ASSETS ENERGY SALES VOLUME AT THE RETAIL MARKET 143.1BN KW*H (SHARE AT THE RF MARKET 14.02%) POWER GRID ASSETS TOTAL LENGTH OF POWER TRANSMISSION LINES ABROAD 34265 KM (+1.1%) ELECTRICITY EXPORT AND IMPORT EXPORT VOLUME 22.7BN KW*H (+21.9%) (INCLUDING AZERBAIJAN +148.1% BELARUS +10774.7% GEORGIA +111.2% KAZAKHSTAN +60.5% CHINA +26.0% LITHUANIA +8.6% MONGOLIA +23.2% SOUTH OSSETIA +11.7% IMPORT VOLUME +17.2% (INCLUDING AZERBAIJAN +93.2% KAZAKHSTAN +58.0%) FINANCIAL INDICATORS REVENUE 536.2BN RUB (+15.5%) EBITDA 41.7BN RUB (+24.1%) NET PROFIT 41.5BN RUB (+123.1%) CAPITAL EXPENDITURES 32.5BN RUB (+97.0%) TOTAL ASSETS 531.9BN RUB (+113.5%) TOTAL EQUITY 390.7BN RUB (+180.9%) NUMBER OF PERSONNEL AS OF DECEMBER 31, 2011 47014 PERSONS ENERGY WITHOUT BORDERS ANNUAL REPORT 2011 JSC “INTER RAO UES” Contents ENERGY WITHOUT BORDERS.........................................................................................................................................................1 ADDRESS BY THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE CHAIRMAN OF THE MANAGEMENT BOARD OF JSC “INTER RAO UES”..............................................................................................................8 1. General Information about the Company and its Place in the Industry...........................................................10 1.1. Brief History of the Company......................................................................................................................... 10 1.2. Business Model of the Group..........................................................................................................................12 1.4.
    [Show full text]
  • Annual Report ‘06 Contents
    ANNUAL REPORT ‘06 CONTENTS MESSAGE TO SHAREHOLDERS ————————————————————————————— 4 MISSION AND STRATEGY ———————————————————————————————— 7 COMPANY OVERVIEW ————————————————————————————————— 13 ² GENERAL INFORMATION 13 ² GEOGRAPHIC LOCATION 14 ² CALENDAR OF KEY 2006 EVENTS 15 ² REORGANIZATION 16 CORPORATE GOVERNANCE —————————————————————————————— 21 ² PRINCIPLES AND DOCUMENTS 21 ² MANAGEMENT BODIES OF THE COMPANY 22 ² CONTROL BODIES 39 ² AUDITOR 40 ² ASSOCIATED AND AFFILIATED COMPANIES 40 ² INTERESTED PARTY TRANSACTIONS 41 SECURITIES AND EQUITY ——————————————————————————————— 43 ² CHARTER CAPITAL STRUCTURE 43 ² STOCK MARKET 44 ² DIVIDEND HISTORY 48 ² REGISTRAR 49 OPERATING ACTIVITIES. KEY PERFORMANCE INDICATORS ——————————————— 51 ² GENERATING FACILITIES 51 ² FUEL SUPPLY 52 ² ELECTRICITY PRODUCTION 56 ² HEAT PRODUCTION 59 ² BASIC PRODUCTION ASSETS REPAIR 59 ² INCIDENT AND INJURY RATES. OCCUPATIONAL SAFETY 60 ² ENVIRONMENTAL SAFETY 61 ELECTRICITY AND HEAT MARKETS ——————————————————————————— 65 ² COMPETITIVE ENVIRONMENT. OVERVIEW OF KEY MARKETS 65 ² ELECTRICITY AND HEAT SALES 67 FINANCIAL OVERVIEW ————————————————————————————————— 73 ² FINANCIAL STATEMENTS 73 ² REVENUES AND EXPENSES BREAKDOWN 81 INVESTMENT ACTIVITIES ———————————————————————————————— 83 ² INVESTMENT STRATEGY 83 ² INVESTMENT PROGRAM 84 ² INVESTMENT PROGRAM FINANCING SOURCES 86 ² DEVELOPMENT PROSPECTS 87 INFORMATION TECHNOLOGY DEVELOPMENT —————————————————————— 89 PERSONNEL AND SOCIAL POLICY. SOCIAL PARTNERSHIP ———————————————— 91 INFORMATION FOR INVESTORS AND SHAREHOLDERS ——————————————————
    [Show full text]
  • Notes on Moscow Exchange Index Review
    Notes on Moscow Exchange index review Moscow Exchange approves the updated list of index components and free float ratios effective from 16 March 2018. X5 Retail Group N.V. (DRs) will be added to Moscow Exchange indices with the expected weight of 1.13 per cent. As these securities were offered initially, they were added without being in the waiting list under consideration. Thus, from 16 March the indices will comprise 46 (component stocks. The MOEX Russia and RTS Index moved to a floating number of component stocks in December 2017. En+ Group plc (DRs) will be in the waiting list to be added to Moscow Exchange indices, as their liquidity rose notably over recent three months. NCSP Group (ords) with low liquidity, ROSSETI (ords) and RosAgro PLC with their weights now below the minimum permissible level (0.2 per cent) will be under consideration to be excluded from the MOEX Russia Index and RTS Index. The Blue Chip Index constituents remain unaltered. X5 Retail Group (DRs), GAZ (ords), Obuvrus LLC (ords) and TNS energo (ords) will be added to the Broad Market Index, while Common of DIXY Group and Uralkali will be removed due to delisting expected. TransContainer (ords), as its free float sank below the minimum threshold of 5 per cent, and Southern Urals Nickel Plant (ords), as its liquidity ratio declined, will be also excluded. LSR Group (ords) will be incuded into SMID Index, while SOLLERS and DIXY Group (ords) will be excluded due to low liquidity ratio. X5 Retail Group (DRs) and Obuvrus LLC (ords) will be added to the Consumer & Retail Index, while DIXY Group (ords) will be removed from the Index.
    [Show full text]
  • Bank of Russia
    12 Neglinnaya Street, Moscow, 107016 Russia 8 800 300-30-00 www.cbr.ru News List of credit institutions with appointed authorised representatives of the Bank of Russia 10 December 2020 Press release As of 1 December 2020, authorised representatives of the Bank of Russia, acting in compliance with Article 76 of Federal Law No. 86-FZ, dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’ were appointed to 112 credit institutions. No. List of credit institutions with appointed authorised representatives of the Bank of Russia Reg. No. Central Federal District Moscow and the Moscow Region 1. AO UniCredit Bank 1 2. BCS Bank AO 101 3. CentroCredit Bank 121 4. JSC RN Bank 170 5. HCF Bank 316 6. Bank GPB (JSC) 354 7. Bank IPB (JSC) 600 8. JSC Post Bank 650 9. PJSC Moscow Industrial bank 912 10. VTB Bank (PJSC) 1000 11. PJSC Plus Bank 1189 12. AO ALFA-BANK 1326 13. Vozrozhdenie Bank 1439 14. Sberbank 1481 15. Timer Bank (JSC) 1581 16. SDM-Bank PJSC 1637 17. PJSC MOSOBLBANK 1751 18. Inbank, Ltd 1829 19. FORA-BANK 1885 20. Joint stock Company commercial bank Lanta-Bank 1920 21. CREDIT BANK OF MOSCOW 1978 22. Peresvet Bank (PJSC) 2110 23. Cetelem Bank Llc 2168 24. Bank Otkritie Financial Corporation (Public Joint-Stock Company) 2209 25. TRANSKAPITALBANK 2210 26. Banca Intesa 2216 27. QIWI Bank (JSC) 2241 28. PJSC MTS Bank 2268 29. PJSC ROSBANK 2272 30. PJSC BANK URALSIB 2275 31. JSC Russian Standard Bank 2289 32. Absolut Bank (PAO) 2306 33.
    [Show full text]
  • IMPORTANT NOTICE IMPORTANT: You Must Read the Following Before Continuing
    IMPORTANT NOTICE IMPORTANT: You must read the following before continuing. The following applies to the document following this page, and you are therefore advised to read this carefully before reading, accessing or making any other use of the attached document. In accessing the attached document you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THE FOLLOWING DOCUMENT CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. ANY SECURITIES TO BE ISSUED WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION, AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THE FOLLOWING DOCUMENT MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. PERSON OR TO ANY U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
    [Show full text]
  • Annual Report
    2014 ANNUAL REPORT TABLE OF CONTENTS Sistema today 2 Corporate governance system 91 History timeline 4 Corporate governance principles 92 Company structure 8 General Meeting of shareholders 94 President’s speech 10 Board of Directors 96 Strategic Review 11 Commitees of the Board of Directors 99 Strategy 12 President and the Management Board 101 Sistema’s financial results 20 Internal control and audit 103 Shareholder capital and securities 24 Development of the corporate 104 governance system in 2014 Our investments 27 Remuneration 105 MTS 28 Risks 106 Detsky Mir 34 Sustainable development 113 Medsi Group 38 Responsible investor 114 Lesinvest Group (Segezha) 44 Social investment 115 Bashkirian Power Grid Company 52 Education, science, innovation 115 RTI 56 Culture 117 SG-trans 60 Environment 119 MTS Bank 64 Society 121 RZ Agro Holding 68 Appendices 124 Targin 72 Binnopharm 76 Real estate 80 Sistema Shyam TeleServices 84 Sistema Mass Media 88 1 SISTEMA TODAY Established in 1993, today Sistema including telecommunications, companies. Sistema’s competencies is a large private investor operating utilities, retail, high tech, pulp and focus on improvement of the in the real sector of the Russian paper, pharmaceuticals, healthcare, operational efficiency of acquired economy. Sistema’s investment railway transportation, agriculture, assets through restructuring and portfolio comprises stakes in finance, mass media, tourism, attracting industry partners to predominantly Russian companies etc. Sistema is the controlling enhance expertise and reduce
    [Show full text]
  • An Overview of Boards of Directors at Russia's Largest Public Companies
    An Overview Of Boards Of Directors At Russia’s Largest Public Companies Andrei Rakitin Milena Barsukova Arina Mazunova Translated from Russian August 2020 Key Results According to information disclosed by 109 of Russia’s largest public companies: “Classic” board compositions of 11, nine, and seven seats prevail The total number of persons on Boards of the companies under study is not as low as it might seem: 89% of all Directors were elected to only one such Board Female Directors account for 12% and are more often elected to the audit, nomination, and remuneration committees than to the strategy committee Among Directors, there are more “humanitarians” than “techies,” while the share of “techies” among chairs is greater than across the whole sample The average age for Directors is 53, 56 for Chairmen, and 58 for Independent Directors Generation X is the most visible on Boards, and Generation Y Directors will likely quickly increase their presence if the impetuous development of digital technologies continues The share of Independent Directors barely reaches 30%, and there is an obvious lack of independence on key committees such as audit Senior Independent Directors were elected at 17% of the companies, while 89% of Chairs are not independent The average total remuneration paid to the Board of Directors is RUR 69 million, with the difference between the maximum and minimum being 18 times Twenty-four percent of the companies disclosed information on individual payments made to their Directors. According to this, the average total remuneration is approximately RUR 9 million per annum for a Director, RUR 17 million for a Chair, and RUR 11 million for an Independent Director The comparison of 2020 findings with results of a similar study published in 2012 paints an interesting dynamic picture.
    [Show full text]
  • a Leading Energy Company in the Nordic Area
    - a leading energy company in the Nordic area Presentation for investors September 2007 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Fortum shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser. 2 • Fortum today • European power markets • Russia • Financials / outlook • Supplementary material 3 Fortum's strategy Fortum focuses on the Nordic and Baltic Rim markets as a platform for profitable growth Become the leading Become the power and heat energy supplier company of choice Benchmark business performance 4 Presence in focus market areas Nordic Generation 53.2 TWh Electricity sales 60.2 TWh Distribution cust. 1.6 mill. Electricity cust. 1.3 mill. NW Russia Heat sales 20.1 TWh (in associated companies) Power generation ~6 TWh Heat production ~7 TWh Baltic countries Heat sales 1.0 TWh Poland Distribution cust. 23,000 Heat sales 3.6 TWh Electricity sales 8 GWh 2006 numbers 5 Fortum Business structure Fortum Markets Fortum's comparable Large operating profit in 2006 NordicNordic customers EUR 1,437 million Fortum wholesalewholesale Small Power marketmarket customers Generation Nord Pool and Markets 0% bilateral Other retail companies Deregulated Distribution 17% Regulated Transmission Power and system Fortum Heat 17% Generation services Distribution 66% 6 Strong financial position ROE (%) EPS, cont. (EUR) Total assets (EUR billion) 20 1.50 1.42 20.0 16.8 17.5 17.3 1.22 18 15.1
    [Show full text]
  • Results of the Board of Directors Meeting on December 23, 2020
    Results of the Board of Directors Meeting on December 23, 2020 PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on December 23, 2020. Resolutions passed on Items of the agenda: Item 1: On Approval of the Report on Implementation of the RusHydro Annual Integrated Purchasing Program for 9 Months of 2020. Adopted Resolution: The report on implementation of the PJSC RusHydro Annual Integrated Purchasing Program for 9 months of 2020 (Schedule No. 1 to the Minutes) be approved. Item 2: On Approval of the RusHydro Annual Integrated Purchasing Program for 2021. Adopted Resolution: The RusHydro Annual integrated Purchasing Program for 2021 (Schedule No. 2 to the Minutes) be approved. Item 3: On Approval of the Company Register of the Non-Core Assets, updated, and the Action Plan for the Non-Core Assets Sale. Adopted Resolution: The following be approved: Register of the Non-Core Assets of RusHydro, in the new revision (Schedule No. 3 to the Minutes); Action Plan for the RusHydro Non-Core Assets Sale for 2020 (Q4) – 2021 (Schedule No. 4 to the Minutes). Item 4: On Review of the Report on Compliance with the RusHydro Information Policy. Adopted Resolution: The Report on Compliance with the RusHydro Information Policy be taken into consideration (Schedule No. 5 to the Minutes). Item 5: On Authorizing to Concurrently Hold Positions in management bodies of other organizations. Adopted Resolution: Viktor Viktorovich Khmarin acting as the RusHydro sole executive body be authorized to hold positions in management bodies of other companies as well as other paid positions in other organizations, as follows: ‒ All-Russia Association of Employers “Russian Union of Industrialists and Entrepreneurs”, member of the Management Board; ‒ Global Sustainable Energy Partnership, member of the Board of Directors; ‒ Global Energy Association, member of the Supervisory Board; ‒ PJSC Inter RAO, member of the Strategy and Investments Committee under the Board of Directors.
    [Show full text]
  • QUARTERLY REPORT Public Joint-Stock Company Federal
    QUARTERLY REPORT Public Joint-Stock Company Federal Hydrogeneration Company RusHydro Issuer code: 55038-E for Q2 2018 Address of the issuer: 43/1 Dubrovinskogo St., Krasnoyarsk, Krasnoyarsk Krai 660017 The information contained herein is subject to disclosure pursuant to the securities legislation of the Russian Federation ___________________ N. G. Shulginov Chairman of the Management Board – General Director Date: August 14, 2018 Deputy Director of the Accounting and Tax Department – Deputy _________________ K. V. Permyakov Chief Accountant Date: August 14, 2018 Contact Person: Anna Aleksandrovna Shamne, Chief Expert of the Equity and Information Disclosure Directorate of the Corporate Governance and Property Management Department Telephone: +7 800 333 8000 Fax: +7 495 225 3737 Email: [email protected] The address of the internet site(s) where the information contained herein is to be disclosed: http://www.e-disclosure.ru/portal/company.aspx?id=8580, www.rushydro.ru Table of Contents I. Information on Bank Accounts, the Auditor (Audit Organization), Appraiser, and Financial Adviser of the Issuer and on Persons Who Signed the Quarterly Report ....................................................................................... 6 1.1. Information on the Issuer's Bank Accounts ...................................................................................................... 6 1.2. Information on the Issuer's Auditor (Audit Organization) ............................................................................... 6 1.3. Information
    [Show full text]
  • Годовой Отчет Annual Report
    годовой отчет 2 0 0 6 annual report STATEMENT OF THE offices. The Bank continues with regional CHIEF EXECUTIVE expansion, and has already in place 13 branch% es in Russian cities in 2006 compared to 7 branches by the year end 2005. MBRD's Dear shareholders, customers and partners regional network comprises 54 offices regis% of the Bank: tered with the Bank of Russia and located in 22 Today, the banking sector dramatically shows most industrialised federal constituencies of it can be a development engine not only for home the Russian Federation. In so doing, the Bank financial system, but also for the Russian econo% intends to step up efforts in further building up my at large. By meeting demands of domestic the banking chain in the future. companies, deposit%taking institutions are MBRD, no doubt, notably strengthened its becoming, in essence, national circulatory sys% positions in the Russian financial market over the tem giving access to financing. To comply with reporting year. To illustrate, net assets increased such an important role, Russian banks should by nearly RUR23.28 billion, while capital rose have adequate capital, technologies, diversified more than by RUR1.7 billion. Total income was network and quality products. RUR5.154 billion against 2.9 billion in 2005, and Presently, Moscow Bank for Reconstruction net profit increased by 65% to RUR442 million. and Development strategically focuses on retail In March 2006, a US$60m 10%year subordi% business development. It means expanding the nated eurobond issue placed on the Luxembourg existent spectrum of services, implementing Stock Exchange was an important event.
    [Show full text]