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Press Release About Decisions Adopted by the Issuer’s Management Bodies

23.05.2013
On May 23, 2013, the Board of Directors of JSC Russian Grids held a regular meeting.

The Board of Directors decided to convene the Annual General Meeting of Shareholders of JSC Russian Grids on June 28, 2013, with the following agenda:

  1. Approval of the Annual Report of the Company.
  2. Approval of annual accounting statements, including profit and loss statements (profit and loss accounts), of the Company.
  3. Approval of the Company’s profit distribution based on performance results in 2012.
  4. Amount, period, and form of dividend payment based on performance results in 2012.
  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. Election of members of the Company’s Board of Directors.
  7. Election of members of the Company’s Internal Audit Commission.
  8. Approval of the Company’s Auditor.
  9. Approval of the liability insurance contract for directors and officers, which is a related party transaction.
  10. Approval of the transaction (associated transactions) in connection with the acquisition by the Company of additional ordinary shares in Kubanenergo, which is a related party transaction.
  11. Approval of the transaction in connection with the acquisition by the Company of additional ordinary shares in Chechenenergo, JSC, which is a related party transaction.
  12. Approval of the transaction in connection with the acquisition by the Company of shares in Kubanenergo from JSC Tyumenenergo, which is a related party transaction.

The date of the list of the persons entitled to participate in the Company’s Annual General Meeting of Shareholders is May 23, 2013.

The Company’s preference share holders shall have a right to vote on all issues on the agenda of the Annual General Meeting of Shareholders of the Company.

The Board of Directors recommended that the Annual General Meeting of Shareholders adopt the following decision:

Dividends on the Company’s preference and ordinary shares shall not be paid out of the Company’s net profit based on performance results in 2012.

Dividends on the Company’s preference shares shall be paid out of undistributed profits of prior years in the amount of 0.08 ruble per preference share in the Company within 60 days after the decision to pay such dividends is adopted.

The Board of Directors also considered other issues in connection with making preparations for and holding the Company’s Annual General Meeting of Shareholders.

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