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

INTER RAO Lietuva ABAnnouncement

29/09/2021 08:35

RNS Number : 3506N
  
PJSC Inter RAO UES
  
29 September 2021
  
 

Results of the Board of Directors meeting of Inter RAO
Moscow, September 29th, 2021 - 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 September 28th, 2021 by absentee voting.
The Board of Directors considered and adopted the following resolutions:
1.  Approval of the Company's internal documents.
1.1. Approve the Company's Regulation on approval of transactions with a conflict of interest in accordance with Appendix No. 1 to the Minutes.
1.2. Establish the validity period of the Regulations indicated in par. 1.1 - it remains in force until a new version of the Company's Charter containing is approved
2.  Approval of the terms of the agreement between Inter RAO and its registrar.
2.1. Approve the terms of Amendment No. 2 to the Agreement for the provision of services for maintaining the register of securities holders executed on March, 1st 2018 with JSC VTB Registrar in accordance with Appendix No. 2 to the Minutes.
3.  On work with the register of shareholders of PJSC Inter RAO.
3.1. In accordance with Art. 128, 129, paragraph 2 of Art. 130, paragraph 2 of Art. 142, 226 of the Civil Code of the Russian Federation and pp. 4.5 and 11.2.12 of the Company's Charter approve the acquisition by the Company of ordinary registered uncertified shares with a par value of 2.809767 RUB each, state registration number of the issue 1-04-33498-E, in the amount of no more than 5,463,783.41 shares, as a result of their recognition as ownerless and the transfer of ownership to the Company from a number of terminated legal entities on the basis of a court judgement.
3.2. In accordance with clause 11.2.31 of the Company's Charter approve the disposal (sale) by the Company of ordinary registered uncertificated shares at the exchange auction on PJSC Moscow Exchange (a par value of 2.809767 RUB each, state registration number of the issue 1-04-33498-E, in the amount of not more than 5,463,783.41 shares) acquired as a result of their recognition as ownerless and the transfer of ownership to the Company on the basis of a court judgement, at a price not lower than their market value no later than 1 (one) year from the date of their acquisition.
4.  Strategic development priorities of the Company (Inter RAO Group) for 2021.
4.1. Approve Methodology for assessment of implementation degree of strategic development priorities for 2021 in a revised version in accordance with Appendix No. 3 to the Minutes.
 
5.  Approval of the Succession plan for the members of the Board of Directors and members of the Management Board of Inter RAO.
5.1. Approve the Succession plan for the members of the Board of Directors and members of the Management Board of Inter RAO developed for the corporate year 2021 - 2022, in accordance with Appendix No. 4 to the Minutes.

 
6.   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.
6.1. Instruct representatives of Inter RAO on the Board of Directors of LLC BGK on the agenda item of the Board of Directors of LLC BGK: "On approval of a transaction that entails or may result in the emergence of obligations of LLC BGK in the amount of 300,000,000 (three hundred million) RUB and more (or an equivalent amount in foreign currency) to vote "FOR" the adoption of a decision on essential terms in accordance with Appendix No. 5 to the Minutes.
 
 
 
 
 
 
 
 
 
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 energy holding, serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia, actively increasing electricity generation and sales, and developing new lines of business. Inter RAO Group owns and operates approximately 31.1 GW of installed power generation capacity. Its share of Russian retail electricity and capacity market is over 18%.
For further information see www.interrao.ru

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