Results of the Board of Directors meeting of Inter RAO
Moscow, October 26, 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 October, 26, 2020 by absentee voting.
The Board of Directors considered and adopted the following resolutions:
1. Election of a member of Management Board of Company:
- In connection with the expiration of the term of office of the Member of the Management Board, Head of the Operations Division, Pavel Okley, elect Pavel Okley as the Member of the Management Board, Head of the Operations Division from October 30, 2020 for five years.
- Determine the price of the employment contract between Inter RAO and Pavel Okley, the Member of the Management Board, Head of the Operations Division (amount of remuneration and compensation under the employment contract) as
а
related-party transaction
.
-
Determine the terms and conditions and give consent to the conclusion of an employment contract between Inter RAO and Pavel Okley, as
а
related-party transaction
.
Pavel Okley, the Member of the Management Board, Head of the Operations Division, is recognized as a person interested in concluding an employment contract with Inter RAO, as he is a party to it.
- Authorize Boris Kovalchuk, member of the Board of Directors and CEO of Inter RAO, to sign an employment contract on behalf of the Company with Pavel Okley, the Member of the Management Board, Head of the Operations Division.
2.
Amendments to the Work Plan of the Internal audit unit of Inter RAO for the year 2020
:
-
Make changes to the Work Plan of the Internal audit unit of Inter RAO for the year 2020, approved by the decision of the Board of Directors of Inter RAO dated 29.11.2019 (minutes No. 260 dated 02.12.2019), setting it out in a new version
.
3.
Approval of
Methodologies for calculating and evaluating the implementation of annual key performance indicators (KPIs)
for 2020:
-
Approve the Methodology for calculating and evaluating the key performance indicator (KPI) "Integrated key innovation performance indicator (IKPI)" for 2020 in a new version.
4.
Participation (termination of participation) of
Company
in other organization:
-
Approve the termination of participation of Inter RAO in AKKUYU NÜKLEER ANONİM ŞRKETİ.
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 30.9 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
