REG - OJSC Inter RAO UES OJSC Inter RAO UES. - Results of the Board of Directors meeting <Origin Href="QuoteRef">023530.KS</Origin> <Origin Href="QuoteRef">IRAO.MM</Origin>

Lotte Shopping CoAnnouncement

29/10/2014 14:40

RNS Number : 6981S
OJSC Inter RAO UES
26 September 2014
Results of the Board of Directors meeting of Inter RAO
Moscow, September 26, 2014 - Open Joint Stock Company "Inter RAO UES" ("Inter RAO", "Company", ticker on MOEX, LSE (Reg. S): IRAO; on LSE (Rule 144 A): IRAA), 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 25, 2014 in the form of absentee voting.
The Board of Directors considered and adopted the following resolutions:
1.1. Consider the information on the compliance of the strategy of Inter RAO for the period up to 2020, which is the long-term development program, approved by the Board of Directors of Inter RAO (minutes dated March 17, 2014 No. 110) with Methodological recommendations on the development of long-term programs of development of joint stock companies and the federal state unitary enterprises, prepared by the Ministry of economic development of Russia.
1.2. Approve the strategic development priorities of Inter RAO for 2014.
1.3. Entrust the Management Board of Inter RAO to provide annual refinement of the strategic targets for the plan year under the strategic development priorities of Inter RAO.
2.1. Entrust the Management Board of Inter RAO to provide: 
2.1.1. Conduct on an annual basis, starting in 2015 (according to the results of the 2014 fiscal year), audit the implementation of the strategy of Inter RAO for the period till 2020 (Long-term development program) with the involvement of an expert organization, a member of a self-regulating organizations of auditors in accordance with the terms of reference, approved by the Board of Directors, and prepared by taking into account technical specifications, developed by the Ministry of economic development of Russia.
2.1.2. Approve internal document of the Company -Standard of audit of Strategy implementation. Term - November 20, 2014.
3.1. Take note of information that the relationship of the remuneration of the Chairman and Members of the Management Board with the results of the implementation of the strategy of Inter RAO for the period till 2020 (Long-term development program) provided by clause 3.5.2.4 of Provisions on financial incentives of the Chairman of the Management Board and members of the Management Board of Inter RAO, approved by Board of Directors of the Company dated November 01, 2013 (minutes dated November 05, 2013 No. 103).
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
Anton Nazarov Head of Public Relations +7 495 664-88-40 (ext. 2208)
nazarov_aa@interrao.ru
Svetlana Chuchaeva Head of Corporate Relations +7 495 664-88-40 (ext. 2081)
chuchaeva_sy@interrao.ru
Inter RAOis 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 34.3 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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