30 Jun 2015 17:11
JSC ROSSETI
Results of Annual General Meeting of Shareholders
30 June 2015. Moscow, Russia. - JSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, announces the results of the Annual General Meeting of Shareholders ("AGM") held earlier today:
The following resolutions were passed at the AGM:
1. Approve the Company's annual report for 2014.
2. Approve the Company's 2014 accounts, including the financial performance statements.
3. Approve distribution of profit (loss) for 2014.
4. No dividend payment shall be made on the Company's preferred or ordinary shares for 2014.
5. No remuneration to members of the Company's Board of Directors who are non-governmental officers shall be paid for serving on the Board of Directors.
6. Remuneration to members of the Company's Internal Audit Commission, who are non-governmental officers, shall be paid in the amount, prescribed with the Company's internal documents.
7. Elect the following 15 members of the Company's Board of Directors:
- Stanislav Ashirov
- Boris Ayuyev
- Oleg Barkin
- Vasily Belov
- Oleg Budargin
- Anatoly Diyakov
- Andrey Ivanov
- Aleksander Kalinin
- Aleksey Makarov
- Denis Morozov
- Andrey Murov
- Aleksander Novak
- Oleg Fedorov
- Andrey Shishkin
- Sergey Shmatko
8. Elect the following 5 members of the Internal Audit Commission:
- Andrey Kharin
- Vladimir Khvorov
- Polina Tsodikova
- Andrey Yudin
- Igor Shmakov
9. Approve LLC RSM RUS as the Company's auditor.
10. Approve a new edition of the Company's Articles of Association.
11. Approve a new edition of the Regulations for the Company's General Meeting of Shareholders.
12. Approve a new edition of the Regulations for the Company's Board of Directors.
13. Approve a new edition of the Regulations for the Company's Management Board.
14. Approve a new edition of the Regulations for the Company's Internal Audit Commission.
15. Approve a new edition of the Regulations on remuneration and compensation for the members of the Company's Board of Directors.
16. Approve a new edition of the Regulations on remuneration and compensation for the members of the Company's Internal Audit Commission.
17. Approve a liability insurance agreement and its material terms for directors and officers for the period from 25 December 2015 to 24 December 2016, which constitutes a related party transaction.
18. Approve the participation of the Company in the non-profit partnership "Russian National Committee of International Council on large electric systems".
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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 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 JSC Rosseti and its operations.