RCS - PJSC Inter RAO UES - Transactions of Inter RAO
Transactions of Inter RAO
Moscow, July 20, 2020 - Public Joint Stock Company "Inter RAO UES" ("Inter RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announces that on July 20, 2020 Inter RAO has executed the following Loan Agreements with its subsidiaries Limited Liability Company «Bashkir Generation company» (LLC «BGC»), Limited Liability Company "Coal mine" (LLC "Coal mine"), JSC Territorial Generating Company №11 within the framework of physical cash pooling in Inter RAO Group:
- Loan Agreements with LLC «BGC» for the total amount of each agreement 36,746,900,965.64 RUB (405,912,136 GBP), including interest on a loan, or 6,52% percent of book value of Inter RAO' assets. According to the first Loan Agreement Inter RAO is a Lender and LLC «BGC» is a Borrower. According to the second Loan Agreement Inter RAO is a Borrower and LLC «BGC» is a Lender.
- Loan Agreements with Limited Liability Company "Coal mine" (LLC "Coal mine") for the total amount of each agreement 36,746,900,965.64 RUB (405,912,136 GBP), including interest on a loan, or 6,52% percent of book value of Inter RAO' assets. According to the first Loan Agreement Inter RAO is a Lender and LLC «Coal mine» is a Borrower. According to the second Loan Agreement Inter RAO is a Borrower and LLC «Coal mine» is a Lender.
- Loan Agreements with JSC Territorial Generating Company №11 for the total amount of each agreement 36,746,900,965.64 RUB (405,912,136 GBP), including interest on a loan, or 6,52% percent of book value of Inter RAO' assets. According to the first Loan Agreement Inter RAO is a Lender JSC Territorial Generating Company №11 is a Borrower. According to the second Loan Agreement Inter RAO is a Borrower and JSC Territorial Generating Company №11 is a Lender.
Each of the said agreements is a related party transaction for Inter RAO according to the legislation of the Russian Federation and was approved by the Company's Board of Directors on April 30, 2020.
As well on July 20, 2020 Inter RAO has executed the Loan Agreements with its subsidiary Joint Stock Company «Inter RAO - Electric Power Plants» within the framework of physical cash pooling in Inter RAO Group:
- Loan Agreements with Joint Stock Company «Inter RAO - Electric Power Plants» for the total amount of each agreement 244,979,339,770.94 RUB (2,706,080,908 GBP), including interest on a loan, or 43,44% percent of book value of Inter RAO' assets. According to the first Loan Agreement Inter RAO is a Lender Joint Stock Company «Inter RAO - Electric Power Plants» is a Borrower. According to the second Loan Agreement Inter RAO is a Borrower and Joint Stock Company «Inter RAO - Electric Power Plants» is a Lender.
Each of the said agreements was approved by the Company's Board of Directors on April 30, 2020.
The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.
For further information, please contact Inter RAO:
Larisa Sadovnikova Head of Investor Relations +7 495 664-88-40 (ext. 2068)
Nikolay Gorelov Press Secretary +7 495 664-88-40 (ext. 2010)
Svetlana Sidelnikova Head of Corporate Relations and Antitrust Compliance
+7 495 664-88-40 (ext.2081) chuchaeva_sy@interrao.ru
Inter RAO 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 Group owns and operates approximately 31 GW of installed power generating capacity. Inter RAO 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
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