FEES.L Regulatory News (FEES)

FGC Board of Directors sets AGM Agenda and recommends FY 2020 Dividend

Moscow, 27 May 2021 - Federal Grid Company of Unified Energy System ("Federal Grid Company", "FGC UES, PJSC" or "the Company") (Moscow Exchange, LSE: FEES), part of PJSC ROSSETI Group, and the operator of the Unified National Electricity Grid ("UNEG") of Russia, announces that its Board of Directors held a meeting on 24 May and has recommended that shareholders approve a 2020 dividend of RUB 20,564,004 thousand (RUB 0.016132865449 per ordinary share, or equal to RUB 8.0664327245 per GDR) at the Company's Annual General Meeting ("AGM") on 29 June 2021.

In addition, the Board of Directors approved the following agenda for the AGM:

1) Approval of the 2020 Annual Report of the Company;

2) Approval of the 2020 annual accounting (financial) statements of the Company;

3) Approval of the distribution of profits of the Company based on the results of the 2020 reporting year;

4) Amount of dividends based on the results of the 2020 reporting year, dividend payment terms and conditions and setting of the date when persons entitled to dividend are determined;

5) Payment of remuneration for the Board of Directors' work to members of the Board of Directors from among non-civil servants in the amount specified in the by-laws of the Company;

6) Payment of remuneration for the Audit Commission's work to members of the Audit Commission from among non-civil servants in the amount specified in the by-laws of the Company;

7) Election of members of the Board of Directors of the Company;

8) Election of members of the Audit Commission of the Company;

9) Approval of the Auditor of the Company.

The Board of Directors has recommended to set the record date for shareholders eligible to receive the 2020 dividends as 17 days from the date on which the AGM takes the decision to pay the dividends. 

The record date for shareholders entitled to participate in the AGM is 05 June 2021.

Shareholders may exercise their right to participate in the Annual General Meeting (AGM) if they have registered to participate in the AGM on the website https://online.rostatus.ru, or if their voting ballot has been received or electronic voting ballot been submitted by 29 June 2021.

Additional AGM materials will be made available on the Federal Grid Company website:

http://www.fsk-ees.ru/eng/investors/corporate_governance/information_for_shareholders_meetings/