EN+ Group Intnl PJSC - EN+ CHANGE TO SEMI-ANNUAL FINANCIAL REPORTING

En+ MKPAO

14/11/2019 16:35

RNS Number : 4845T

EN+ Group Intnl PJSC

14 November 2019

 

EN+ GROUP ANNOUNCES CHANGE TO SEMI-ANNUAL FINANCIAL REPORTING

14 November 2019 - EN+ GROUP IPJSC (the "Company" and, together with its consolidated subsidiaries, the "En+ Group" or the "Group") announces the decision made at a meeting of its board of directors (the "Board") held on 14 November 2019 to change to semi-annual financial reporting.

Financial Reporting

The Board has determined that the Group will amend its financial reporting schedule, moving from a quarterly to semi-annual basis. In so doing, from 1 January 2020, the Group will cease the preparation and reporting of consolidated financial results on a quarterly basis and will instead report half-yearly consolidated financial results. The Company believes that this change will better align its reporting with the long-term nature of its assets.

The Company will continue to report the Group's operational results on a quarterly basis.

Corporate Governance Regulations

In addition, in connection with the process pursuant to which the Company redomiciled to the Russian Federation earlier this year, the Board has formally documented the Company's dividend policy, as well as regulations governing General Shareholders Meetings.

The above regulations will shortly be uploaded to the En+ Group's website at https://www.enplusgroup.com/en/investors/corporate-documents/.

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For further information, please contact:

 

For media:
For investors:
Tel: +7 495 642 79 37
Email:press-center@enplus.ru
Tel: +7 (495) 642 7937
Email:ir@enplus.ru
Andrew Leach
Tel: +44 (0) 20 7796 4133
Email:ENplus@hudsonsandler.com
Hudson Sandler LLP


About EN+ GROUP IPJSC

 

En+ Group is a leading international vertically integrated aluminium and hydropower producer. The Company combines power plants with a total installed capacity of 19.5 GW (including 15.1 GW of hydro power assets), and 3.9 Mt of annual aluminium production capacity (through a controlling stake in UC RUSAL plc, the world's largest aluminium producer outside of China in 2018) which is the major consumer of En+ Group's hydroelectricity.

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This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's business, results of operations, financial position, liquidity, prospects, growth or strategies.  Forward-looking statements speak only as of the date they are made.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 

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