MRSK Holding (LSE: MRSK) (the “Company”), the largest electricity distribution company in Russia, today announces that an agreement has been signed between MRSK Holding and Federal Grid Company of Unified Energy System (Federal Grid Company) by which the powers of the sole executive body of MRSK Holding have been transferred to Federal Grid Company.
According to the agreement, Federal Grid Company, acting as the managing company, assumes the powers of the sole executive body of MRSKHolding.
The signing of the Agreement follows the approval by the Company’s AGM
and a decision of the MRSK Holding Board of Directors of 30 June 2012.
The powers of the Acting CEO of MRSK Holding, Andrey Murov, will be terminated as of the effective date of the Agreement.
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