28 May 2015 09:14
JSC ROSSETI
AGM Agenda
28 May 2015. Moscow, Russia.- JSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that its Board of Directors has approved the following agenda for the Company's Annual General Meeting of Shareholders ("AGM"), to be held on 30 June 2015:
1. Approval of the Company's annual report;
2. Approval of the Company's accounts, including the financial performance statements;
3. Approval of distribution of profit for 2014;
4. Dividend payment for 2014, including the amount, terms, payment procedure and record date;
5. Remuneration to members of the Board of Directors who are non-governmental officers in the amount prescribed in the Company's internal documents;
6. Remuneration to members of the Internal Audit Commission who are non-governmental officers in the amount prescribed in the Company's internal documents;
7. Election of members to the Company's Board of Directors;
8. Election of members to the Company's Internal Audit Commission;
9. Appointment of the Company's auditor;
10. Approval of a new edition of the Company's charter;
11. Approval of a new edition of the Regulations for the Company's General Meeting of Shareholders;
12. Approval of a new edition of the Regulations for the Company's Board of Directors;
13. Approval of a new edition of the Regulations for the Company's Management Board;
14. Approval ofa new edition of the Regulations for the Company's Internal Audit Commission;
15. Approval of a new edition of the Regulations for remuneration and compensation to members of the Board of Directors;
16. Approval of a new edition of the Regulations on remuneration and compensation to members of the Internal Audit Commission;
17. Approval of a directors' and officers' liability insurance agreement, which constitutes a related party transaction;
18. Approval of participation in the non-profit partnership "Russian National Committee of International Council on large electric systems".
The Board of Directors of the Company has recommended not paying dividends for the year ended 31 December 2014.
As announced on 15 May 2015, the AGM will take place on 30 June 2015 at 11:00 a.m. Moscow time at the following address: 1st Zachatievsky Pereulok 4, Moscow. Russia. Registration of shareholders participating in the AGM is to start at 9:30 a.m. Moscow time on 30 June 2015.
The AGM materials will be available from 10 June 2015 until 30 June 2015during working hours at the Company's office at 4 Belovezhskaya street, Moscow and at the offices of JSC Registrar Society STATUS at 32, bldg. 1 Novorogozhskaya street, Moscow and on the Company's website at www.rosseti.ru.
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For further information:
JSC ROSSETI
Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)
Yulia Martynova, IR +7(495) 995 5333 (ext. 3834)
EM
Thomas Kiehn +7 (495) 363 2846
Yuri Krebs +7 (495) 363 2840
JSC ROSSETI is the largest electricity transmission and distribution grid company in Russia. It is also one of the largest electricity transmission and distribution grid companies in the world by length of electricity lines and installed transformer capacity. JSC ROSSETI holds interests in and manages 16 distribution grid companies and transmission grid company in Russia. The Company together with its subsidiaries owns and operates 2.3 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of 750.9 GVA. The Company operates in 78 regions of Russia.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC Russian Grids. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to JSC Russian Grids and its operations.