26.06.2014
The meeting took decision on allocation of profit and payment of dividend for 2013.
An annual General Meeting of Shareholders of IDGC of the North-West, JSC (subsidiary company of Russian Grids, JSC) took place in Saint Petersburg on June 25.
The shareholders of IDGC of the North-West, JSC approved of the annual report and annual accounting statements. The meeting took decision on allocation of profit and payment of dividend for 2013. One decided to allocate profit amounting to 300.3 mln RUB as follows: 208.7 mln RUB will be assigned for the company’s development, 76.6 mln RUB – for payment of dividend; 15 mln RUB will replenish the reserve fund.
In accordance with the decision of the Meeting of Shareholders, dividend on ordinary shares following 2013 outcome will be paid in an amount of 0.0008 RUB per ordinary share in monetary form. The list of persons having the right to receive dividend will be generated as of 09.07.2014.
Let us recollect that, following 2012 outcome, the company assigned 3 mln RUB to the reserve fund, 43.3 mln – for development and 15.5 mln RUB – for payment of dividend. Then, the total amount of unallocated profit made 61.8 mln RUB.
By way of cumulative voting, a newly composed Board of Directors was elected including (with the positions specified as of the nomination moment):
1. Svetlana Semenovna Zholnerchik, Deputy General Director of Russian Grids, JSC
2. Anton Alexandrovich Erdyniyev, Deputy Director of the Electric Power Industry Development Department of the Ministry of Energy of Russia
3. Marina Alexandrovna Lavrova, Head of the SDCs Economy Administration of the Economic Planning and Budgeting Department of Russian Grids, JSC
4. Vladimir Vladimirovich Sofyin, Director of the Technological Development and Innovation Department of Russian Grids, JSC
5. Dmitry Alexandrovich Chevkin, Director of the Department for HR Policy and Organizational Development of Russian Grids, JSC
6. Maxim Mikhaylovich Saukh, Head of the Corporate Relationships Administration of the Department for Corporate Governance and Interaction with Shareholders and Investors of Russian Grids, JSC
7. Sergey Gennadyevich Titov, General Director of IDGC of the North-West, JSC (as of the Meeting arrangement date – Chairman of the Board of Directors of IDGC of the North-West, JSC, First Deputy General Director of Lenenegro, JSC)
8. Tatiana Petrovna Dronova, Deputy General Director for Strategy and Development of Investment Holding “E-Union”, CJSC
9. Alexey Nikolayevich Zharikov, Director for Corporate Policy and Work with Shareholders of Elektrotsentronaladka, JSC
10. Sergey Vadimovich Pokrovsky, Deputy Executive Director of the Investors Protection Association
11. Roman Alexeyevich Filkin, Co-Director for Power Industry and Machine Building of Prosperity Capital Management (RF) Ltd. representative office.
Auditing Commission approved composed of:
1. Marina Alexeyevna Lelekova, Director of the Internal Audit and Control Department of Russian Grids, JSC
2. Artem Nikolayevich Kirillov, Head of the Investment Audit Unit of the Auditing Activities and Internal Audit Administration of the Internal Audit and Control Department of Russian Grids, JSC
3. Yelena Yuryevna Guseva, Lead Expert of the Auditing Activities and Internal Audit Administration of the Internal Audit and Control Department of Russian Grids, JSC
4. Sergey Vladimirovich Malyshev, Lead Expert of the Auditing Activities and Internal Audit Administration of the Internal Audit and Control Department of Russian Grids, JSC
5. Sergey Ivanovich Ochikov, Lead Expert of the Auditing Activities and Internal Audit Administration of the Internal Audit and Control Department of Russian Grids, JSC
Ernst & Young, LLC was approved as Auditor of the Company.
The contract for insurance against the liability of directors and officials of the Joint-Stock Company was not endorsed following the Meeting outcome.
