4 Jul 2017 14:34
Federal Grid Company Announces 2017 AGM Results
04 July 2017, Moscow - Federal Grid Company of Unified Energy System ("Federal Grid Company" or "the Company") (Moscow Exchange, LSE: FEES), part of the ROSSETI Group of companies and operator of Russia's Unified National Energy Grid ("UNEG"), announces the results of its Annual General Shareholders Meeting (AGM) held on Thursday, 29 June 2017 in Moscow.
Resolutions as laid out in the AGM Notice of 30 May 2017 were voted on by way of combined absentee vote and poll. The results, certified by the Company's registrar, JSC "Status", were as follows:
№ | Agenda item | For (%) | Against (%) | Abstained (%) | Total votes cast | Votes withheld |
1 | Approval of the Annual Report of FGC UES, PJSC | 99.9926 | 0.00006 | 0.00022 | 1,107,008,979,352 | 78,858,610 |
2 | Approval of the annual accounting (financial) statements of FGC UES, PJSC | 99.99206 | 0.00045 | 0.0003 | 1,107,008,979,352 | 79,576,851 |
3 | Approval of the distribution of profits and losses of FGC UES, PJSC for full reporting year 2016 | 99.99142 | 0.0002 | 0.00114 | 1,107,008,979,352 | 80,198,643 |
4 | Amount of dividend for full reporting year 2016, dividend payment time limits and form and setting of the date as of which the persons entitled to dividend are determined | 99.99246 | 0.0002 | 0.00024 | 1,107,008,979,352 | 78,584,982 |
5 | Amount of dividend for Q1 2017, dividend payment time limits and form and setting of the date as of which the persons entitled to dividend are determined | 99.98122 | 0.0114 | 0.00028 | 1,107,008,979,352 | 78,645,279 |
6 | Concerning payment of remuneration for work in the Board of Director to members of the Board of Directors who are not public officers in the amount established by internal documents of FGC UES, PJSC | 97.3464 | 2.63278 | 0.0016 | 1,107,008,979,352 | 212,715,816 |
7 | Concerning payment of remuneration for work in the Audit Commission to members of the Audit Commission who are not public officers in the amount established by internal documents of FGC UES, PJSC | 99.97887 | 0.00038 | 0.00152 | 1,107,008,979,352 | 212,846,669 |
8 | Election of members of the Board of Directors of FGC UES, PJSC | The matter of approving the new composition of the Company's Board of Directors was not voted upon due to the absence of candidates to be elected. | ||||
9 | Election of members of the Audit Commission of FGC UES, PJSC | The matter of approving the new composition of the Company's Audit Commission was not voted upon due to the absence of candidates to be elected. | ||||
10 | Approval of the Independent Auditor of FGC UES, PJSC | 98.41845 | 1.56915 | 0.00525 | 1,107,008,979,352 | 79,198,194 |
11 | Termination of membership of FGC UES, PJSC in The Association of Construction Organizations Self-Regulatory Organization Inzhspecstroy - Electroset'stroy | 98.42225 | 0.00002 | 1.57057 | 1,107,008,979,352 | 79,260,763 |
12 | Membership of the Company in the Association of Construction Organizations for Support for Construction Industry Entities (self-regulated organization) | 98.42028 | 1.56895 | 0.00368 | 1,107,008,979,352 | 78,521,421 |
13 | Approval of the revised Articles of Association of FGC UES, PJSC | 99.99064 | 0.00017 | 0.00202 | 1,107,008,979,352 | 79,396,492 |
In addition to approving the Company's annual report and annual financial statements, the annual general meeting of shareholders voted to distribute profits based on the results of 2016 and to pay dividends for the full year in the amount of RUB 0.0142663525 per ordinary Federal Grid Company share (or equal to RUB 7.13317625 per GDR), totalling RUB 18,184,825 thousand. It was also decided to pay dividends on the basis of the results of the first quarter of 2017 in the amount of RUB 0.0011164730 per ordinary Federal Grid Company share (or equal to RUB 0.5582365 per GDR), totalling RUB 1,423,129 thousand.
The AGM voted to pay remuneration to the members of the Company's Board of Directors for 2016, to those directors who are not public officers or members of Company's Management Board (in accordance with Regulations on Remuneration and Compensation for Members of Federal Grid Company's Board of Directors) and approved to pay remuneration to the members of the Company's Audit Commission for 2016, who are not public officers and who are not party to the employment agreement with FGC UES, PJSC (in accordance with the Regulations on Remuneration and Compensation for Members of the Audit Commission).
The AGM appointed LLC RSM RUS as Federal Grid Company's auditor in accordance with Russian Federation regulatory requirements.
The AGM approved of the revised Articles of Association of the Company.
The full text of the resolutions will shortly be available on the Company's website:http://www.fsk-ees.ru/eng/investors/corporate_governance/information_for_shareholders_meetings/annual_general_shareholders_meeting_june_29_2017
FEES.L (FEES)