RCS - PJSC Inter RAO UES - Results of the Board of Directors Meeting

INTER RAO Lietuva ABAnnouncement

29/12/2020 08:06

RNS Number : 8833J
  
PJSC Inter RAO UES
  
25 December 2020
  
 

Results of the Board of Directors meeting of Inter RAO
Moscow, December 25, 2020 - Public Joint Stock Company "Inter RAO UES" ("Inter RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announces the results of the Board of Directors meeting of Inter RAO ("Board of Directors") held on December 24, 2020 by absentee voting.
The Board of Directors considered and adopted the following resolutions:
1.  Approval of the report on execution of the business plan of Inter RAO Group for 9 months of the year 2020.
 
Approve the report on execution of the business plan of Inter RAO Group for 9 months of the year 2020.
 
2.  Approval of the business plan of Inter RAO Group for the year 2021.
 
Approve the business plan of Inter RAO Group for the year 2021.
 
3.   On strategy/long-term development program realization:
- Consideration of the strategic priorities of the Company (of Inter RAO Group) for the year 2021;
- Approval of list and values of key performance indicators (KPIs) and control indicators (CI) for the year 2021.
 
Approve the strategic development priorities of the Company (Inter RAO Group) for the year 2021, including program activities of long-term development program (LDP).
Approve the Method of assessing the degree of implementation of the strategic development priorities for the year 2021.
Approve the list, the values and the weight coefficients of the annual key performance indicators (KPIs) and control indicators (CIs) for the year 2021.
Approve the Methods of calculation and evaluation of the implementation of the annual key performance indicators (KPIs) and control indicators (CIs) for the year 2021.
Extend the methodology of the Return on Equity (ROE) indicator to the calculation of the indicator for the year 2020.
 
4.   Approval of the risk appetite and critical risks map of Inter RAO Group for year 2021.
 
Approve the critical risks map of Inter RAO Group for the year 2021.
Consider the list of strategic risks of Inter RAO Group.
Approve the Risk appetite of Inter RAO Group.
Instruct the Management board to ensure that the issue "Approve the action plan for management of critical risks of Inter RAO Group for the year 2021" is submitted to the Board of Directors for consideration not later than March 31, 2021.
 
5.  Approval of the Consolidated cost management program for key companies of Inter RAO Group for years 2021-2025.
Approve the Consolidated cost management program for key companies of Inter RAO Group for years 2021-2025.
Recognize as invalid Consolidated cost management program for key companies of Inter RAO Group for years 2020-2024 approved by the decision of the Board of Directors of Inter RAO (Minutes No. 262, dated December 23, 2019).
 
6.  Approval of internal documents of Inter RAO.
 
Approve the Antimonopoly Compliance Policy of PJSC Inter RAO in the new edition.
 
7.  Determination of the procedure of disposal of non-core assets of the Company.
 
Approve the Non-core assets disposal program of the Company until the year 2023.
Approve the Register of non-core assets of the Company in the new edition.
Approve the Action plan for the sale of non-core assets of the Company in the new edition
 
8.  Determination of Inter RAO (its representatives') standpoint on issues of the agendas of the management bodies of legal entities controlled by the Company which are significant for the Company's business.
 
Determine Inter RAO (its representatives') standpoint on issues of the agendas of the management bodies of legal entities controlled by the Company that are significant for the Company's business. 
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)
sadovnikova_lv@interrao.ru
Nikolay Gorelov                    Press Secretary                                   +7 495 664-88-40 (ext. 2010)
gorelov_nv@interrao.ru
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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