PJSC RusHydro: RusHydro announces the suspension of securities issuance

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RusHydro announces the suspension of securities issuance

June 25, 2019. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces the suspension of securities issuance from June 21, 2019 (state registration number 1-01-55038-Е-043D of August 27, 2018, ISIN RU000A0ZZJY9).

The Central Bank of the Russian Federation has registered additional issue of ordinary shares of RusHydro and the Securities Prospectus on August 27, 2018.

The number of Shares of the additional issue: 14,013,888,828 (fourteen billion thirteen million eight hundred eighty-eight thousand eight hundred twenty-eight) shares; the par value of each Share: 1 (one) ruble.

Manner of securities offering: open subscription.

Starting date of securities placement: April 19, 2019.

The completion date for securities placement (according to the article 8.3 of the Resolution on the additional share issue) is the earliest of the following dates:

•                  the 26th business day from the closing date of the Offer Collection Period (the offer collection period is established in Clause 8.3 of the Decision on the Additional Issue of Securities);
•                  the date of the last share placement;
•                  one year from the state registration of additional issue of shares.

The placement price of 1 (one) Share of the Issuer, including when exercising the pre-emptive right to acquire the Issuer's Shares, is 1 (one) ruble 00 kopecks. The indicated placement price was determined by the decision of the Board of Directors of the Issuer on June 21, 2018 (Minutes No. 272 dated June 22, 2018).

Form and procedure of payment for additional shares: shares shall be paid for with money in Russian rubles, in noncash form.

Grounds for suspending the placement of securities: adoption of a decision by the RusHydro Board of Directors to introduce amendments to the Decision on the additional issue of securities and to the Securities Prospectus.

Date of the meeting and date and number of the minutes of the meeting of the issuer's competent management body where the resolution to amend the decision on the additional issue of securities and the securities prospectus was made: meeting of the Board of Directors on June 21, 2019; Minutes of the Board of Directors No. 292 dated June 24, 2019.

Limitations associated with the suspension of the issuer's securities placement: Since the termination date of securities placement and until the disclosure of information by the issuer on resuming of securities placement the issuer is obligated to halt any transactions related to placement of securities.