United Company RUSAL Plc: Update on the Annual Results for the Year Ended 31 December 2014 and inside Information
01 April 2015 - 11:15AM
Business Wire
Regulatory News:
United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange
of Hong Kong Limited take no responsibility for the contents of
this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
UNITED COMPANY RUSAL PLC(Incorporated
under the laws of Jersey with limited liability)(Stock Code:
486)
UPDATE ON THE ANNUAL RESULTSFOR THE
YEAR ENDED 31 DECEMBER 2014AND INSIDE INFORMATION
This announcement is made by United Company RUSAL Plc (“UC
RUSAL” or the “Company”) pursuant to Rule 13.09 of the
Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited and the Inside Information Provisions under Part
XIVA of the Securities and Futures Ordinance (Chapter 571 of the
Laws of Hong Kong).
Reference is made to the annual results announcement for the
year ended 31 December 2014 (the “Annual Results
Announcement”) dated 24 February 2015 of the Company. Unless
otherwise specified, capitalised terms in this announcement shall
have the same meanings as the defined terms in the Annual Results
Announcement.
As mentioned in the Annual Results Announcement, as of 24
February 2015, being the date of approval of UC RUSAL’s
consolidated financial statements as at and for the year ended 31
December 2014, the Group was unable to obtain the consolidated
financial statements of OJSC MMC Norilsk Nickel (“Norilsk
Nickel”) as at and for the year ended 31 December 2014.
Consequently, the Group has estimated its share of profits, other
comprehensive income and foreign currency translation of its
associate, Norilsk Nickel, for the year ended 31 December 2014
based on the then latest publicly available information reported by
Norilsk Nickel adjusted by the Group to account for Norilsk
Nickel’s performance in the remaining part of the relevant
reporting period.
On 31 March 2015, Norilsk Nickel published its audited
consolidated financial statements for the year ended 31 December
2014, prepared in accordance with IFRS (“Norilsk Nickel
Financial Statements”) on its own website. The management of
the Company is reviewing the Norilsk Nickel Financial Statements
and is of the preliminary view that they may have adverse impact on
the Company’s published consolidated financial statements as at and
for the year ended 31 December 2014 (as stated in the Annual
Results Announcement).
As soon as the Company has updated its consolidated financial
statements as at and for the year ended 31 December 2014 and the
auditors have performed the relevant audit procedures with respect
to the Norilsk Nickel Financial Statements, the Company will make
further announcement containing the Company´s updated consolidated
financial statements as at and for the year ended 31 December
2014.
Shareholders of the Company and potential investors are
advised to exercise caution when dealing in the securities of the
Company.
By Order of the Board of Directors of
United Company RUSAL
PlcAby Wong Po YingCompany Secretary
1 April 2015
As at the date of this announcement, the executive Directors are
Mr. Oleg Deripaska, Ms. Vera Kurochkina, Mr. Vladislav Soloviev and
Mr. Stalbek Mishakov, the non-executive Directors are Mr. Maxim
Sokov, Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr. Ivan
Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr.
Daniel Lesin Wolfe, Ms. Olga Mashkovskaya and Ms. Ekaterina
Nikitina, and the independent non-executive Directors are Mr.
Matthias Warnig (Chairman), Dr. Peter Nigel Kenny, Mr. Philip
Lader, Ms. Elsie Leung Oi-sie and Mr. Mark Garber.
All announcements and press releases published by the Company
are available on its website under the links
http://www.rusal.ru/en/investors/info.aspx,
http://rusal.ru/investors/info/moex/ and
http://www.rusal.ru/en/press-center/press- releases.aspx,
respectively.
United Company RUSAL Plc