16 May 2012 18:06

16 May 2012
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JSC TransContainer:
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Notice of the Decisions of the Board of Directors
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On 16 May, 2012, the Board of Directors of JSC TransContainer (TRCN) (the "Company")Â resolved:
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To recommend the Annual General Meeting of Shareholders to establish the following distribution of the Company's net income for the year 2011 under RAS:
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Indicator name | Amount, RUB |
Net profit for 2011 amounting to | 3,480,787,926.23 |
shall be distributed as follows: | |
Reserve Fund | 174,039,396.31 |
Dividends | 1,218,294,135.04 |
Sponsoring and beneficent aid | 174,039,396.31 |
Remuneration of the members of the Revision Commission | 720,610.00 |
Investments | 1,913,694,388.57 |
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To recommend the Annual General Meeting to increase the dividend payout ratio for 2011 to 35% of TransContainer's net income for the year 2011 under RAS.
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To recommend the Annual General Meeting to pay dividends in the amount of RUB 87.68 per one ordinary share on or before 26 August, 2012.
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The decision was made in connection with significant overrun of the Company's actual 2011 net income with respect to the planned value. The decision will not affect Company's investment plans.Â
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One TransContainer's ordinary share corresponds to ten GDRs. The GDR record date for the dividends is 14 May, 2012.