22 May 2013 07:23
Federal Grid Company Announces AGM
22 May 2013, Moscow - Federal Grid Company of Unified Energy System ("Federal Grid Company" or "the Company") (Moscow Exchange, LSE: FEES), announces that its Board of Directors decided on 20 May 2013 that the FGC Annual General Meeting (AGM) will take place at 12:00 on 27 June 2013 in Moscow at 199 Prospect Mira, building 55.
The Board of Directors approved the following agenda for the AGM:
1) Approval of the Company's annual report;
2) Approval of the Company's annual financial statements;
3) Approval of the distribution of the Company's 2012 profit;
4) Approval of the amount and terms of dividend payment for 2012;
5) Approval of remuneration payments to members of the Board of Directors based on the Company's internal policies, with the exception of those who hold positions in civil service;
6) Election of the Company's Board of Directors;
7) Election of the Company's Review Commission;
8) Approval of the Company's independent auditor;
9) Approval of related party transactions
Shareholders may review materials for the AGM from 7 June 2013 until 26 June 2013 (except for weekends and public holidays) from 10:00 to 17:00 at the following addresses: 32 Ul. Novogorozhskaya, bldg 1, Moscow (Registrar Status) or 5A Ul. Academika Chelomeya, office 110. The materials will also be available on the Federal Grid Company website: www.federal-grid.com.
The shareholder register cutoff date for the AGM is 20 May 2013.
Additionally, the Federal Grid Company Board of Directors recommended not paying a dividend for 2012 and approved liability insurance for members of the Board of Directors, Management Board and Chief Accountant for up to 3 billion roubles.
Enquiries:
Contacts | ||
Analysts / Investors | ||
Federal Grid IR team | Work | Mobile |
Alexander Duzhinov | +7 (495) 710 9064 | +7 (916) 041 8053 |
Nadezda Sukhova | +7 (495) 710 9541 | |
Egor Toropov | +7 (495) 710 9333 ext. 2275 | |
Vladimir Baklanov | +7 (495) 710 9333 ext. 2926 | |
International Media | ||
M:Communications | Work | Mobile |
Tom Blackwell | +7 (495) 363 2841 | +7 (919) 102 9064 |
Sam VanDerlip | +44 20 7920 2356 | +44 7554 993 032 |
About Federal Grid Company
Federal Grid Company is the operator and manager of Russia's unified electricity transmission grid system. Company operates over 131,000 km of transmission lines and has over 324 GVA of installed transformer capacity. Based on the length of transmission lines and transformer capacity in place, Federal Grid is the largest publicly traded electricity transmission company in the world.
Federal Grid's business is to provide electricity transmission and technological connection services.It maintains and develops the grid system and supervises grid facilities and infrastructure in 75 regionsof Russia, covering a territory of 14.8 million square kilometres. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises. The Company is a natural monopoly with 79.64% stake controlled by the Government of Russia.
Federal Grid Company was incorporated in June 2002 as part of reorganisation of Russia's electrical power industry.
Federal Grid Company's common shares are included on the MICEX-RTS stock exchange underthe ticker FEES and the Company's GDRs are listed on the London Stock Exchange and traded under the same FEES symbol.
In 2012 the Company's IFRS revenue was RUB 140,313 million, adjusted EBITDAwas RUB 82,133 million, and adjusted profit for the period was RUB 29,956 million.
Further information can be found at www.federal-grid.com.