31 May 2017 12:47
PJSC ROSSETI
Notification of Annual General Meeting Agenda
31 May 2017. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, today announces that the Company's Board of Directors approved the agenda of the Annual General Meeting (AGM) of Shareholders of the Company scheduled for June 30, 2017 as follows:
1) Approval of the Annual Report of the Company for 2016.
2) Approval of the annual accounting (financial) statements of the Company for 2016.
3) Approval of the Company's profit distribution based on performance results in 2016.
4) Amount, period, and form of dividend payment based on performance results in 2016, and setting the record date.
5) Payment of remuneration for serving on the Board of Directors to members of the Board of Directors, other than those who hold public office, in the amount specified in the Company's internal documents.
6) Payment of remuneration for serving on the Internal Audit Commission to members of the Internal Audit Commission, other than those who hold public office, in the amount specified in the Company's internal documents.
7) Election of members of the Board of Directors of the Company.
8) Election of members of the Internal Audit Commission of the Company.
9) Approval of the Auditor of the Company.
10) Approval of a revised version of the Articles of Association of the Company.
11) Approval of a revised version of the Regulations for the General Meeting of Shareholders of the Company.
12) Approval of a revised version of the Regulations for the Board of Directors of the Company.
13) The Company's membership in the Global Energy Interconnection Development and Cooperation Organization (GEIDCO).
14) The Company's membership in All-Russia Employer Association Russian Union of Industrialists and Entrepreneurs.
The Board of Directors of the Company recommended that dividends be paid in the amount of 0.368355281 rubles per preference share of the Company and in the amount of 0.006214460 rubles per ordinary share of the Company based on performance results in 2016.
The Board of Directors of the Company recommended that July 19, 2017 be set as the date of the list of the persons entitled to dividends for 2016.
The Board of Directors of the Company recommended that remuneration be paid to members of the Board of Directors of the Company based on performance results in 2016 in the amount specified in the Company's internal documents.
As announced on May 18, 2017, the AGM will be held on June 30, 2017 at 11:00 am (Moscow time) at 12 Krasnopresnenskaya Embankment, Moscow, Russia.
Registration of participants in the AGM will begin at 10:00 am (Moscow time) on June 30, 2017.
Date of the list of the persons entitled to participate in the AGM: June 5, 2017.
Materials with respect to items on the agenda of the AGM shall be available at least 20 days prior to the date of the AGM on the Company's website at http://www.rosseti.ru/eng/, and from 10:00 am to 3:00 pm (Moscow time) on business days at the Company's office at 4 Belovezhskaya St., Moscow, and at the office of Joint Stock Company Registrу Society STATUS at 32 Novorogozhskaya St., Bld. 1, Moscow.
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For further information:
PJSC ROSSETI
Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)
Yulia Martynova, IR +7(495) 995 5333 (ext. 3834)
Horizon
Maria Novokreschenova +7 (495) 225 0335
Yaroslav Gryaznov +7 (495) 225 0335 (ext. 124)
PJSC 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. PJSC ROSSETI holds interests in and manages 15 subsidiary grid companies in Russia. The Company together with its subsidiaries owns and operates 2.31 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of 773 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 PJSC Rosseti. 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 PJSC Rosseti and its operations.