31 May 2017 07:30
Federal Grid Company AGM Agenda and FY 2016 and Q1 2017 Dividend Recommendations
Moscow, 30 May 2017 - Federal Grid Company of Unified Energy System ("Federal Grid Company"or "the Company") (Moscow Exchange, LSE: FEES), part of PJSC ROSSETI Group of Companies, and the owner and operator of the Unified National Electricity Grid ("UNEG"), announces that its Board of Directors has recommended that shareholders at the Company's annual general meeting ("AGM") approve a 2016 dividend of RUB 18,184,825 thousand (RUB 0.0142663525 per ordinary share (or equal to RUB 7.13317625 per GDR)).
The Board of Directors has also recommended that shareholders at the Company's annual general meeting ("AGM") approve an interim Q1 2017 dividend of RUB 1,423,129 thousand (RUB 0.0011164730 per ordinary share (or equal to RUB 0.5582365 per GDR)).
The record date for shareholders eligible to receive the final 2016 dividend and the Q1 2017 interim dividend has been recommended to set as 19 July 2017.
The Board of Directors approved the following agenda for the AGM:
1) Approval of the Company's annual report;
2) Approval of the annual accounting (financial) statements;
3) Approval of the distribution of profit and losses for the 2016 reporting year;
4) The amount, term and form of payment of dividends on shares of Federal Grid Company following the results of the 2016 reporting year, and the record date for shareholders eligible to receive dividends;
5) The amount, term and form of payment of dividends on shares of Federal Grid Company following the results of Q1 2017, and the record date for shareholders eligible to receive dividends;
6) Payment of Remuneration to members (non-government officials) of the Company's Board of Directors;
7) Payment of Remuneration to members (non-government officials) of the Company's Audit Commission;
8) Election of members to the Company's Board of Directors;
9) Election of members to the Company's Audit Commission;
10) Approval of the Company's independent auditor;
11) Termination of membership of Federal Grid Company in The Association of Construction Organizations Self-Regulatory Organization Inzhspecstroy - Electroset'story;
12) Membership of Federal Grid Company in the Association of Construction Organizations for Support for Construction Industry Entities (Self-Regulatory Organization);
13) Approval of the revised Articles of Association of Federal Grid Company.
The materials will also be available at the AGM and on the Federal Grid Company website: www.federal-grid.com.
The record date for shareholders entitled to participate in the AGM is 5 June 2017.
The Annual General Meeting (AGM) will take place at 11:00 (Moscow time) on 29 June 2017 in Moscow at "R&D Center "FGC UES", JSC, 22 Kashirskoe shosse, building 3, 2nd floor. Registration will open at 09:30 am (Moscow time).