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About Decisions Adopted by the Issuer’s Management Bodies

24.05.2012
On May 24, 2012, the Board of Directors of JSC IDGC Holding finished its meeting that started on May 15, 2012, deciding to convene the Annual General Meeting of Shareholders of JSC IDGC Holding on June 30, 2012, with the following agenda:

1.    Approval of the Annual Report of JSC IDGC Holding.

2.    Approval of annual accounting statements, including profit and loss statements (profit and loss accounts), of JSC IDGC Holding.

3.    Approval of JSC IDGC Holding’s profit distribution based on performance results in 2011.

4.    Amount, period, and form of dividend payment based on performance results in 2011.

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 JSC IDGC Holding’s internal documents.

6.    Election of members of JSC IDGC Holding’s Board of Directors.

7.    Election of members of JSC IDGC Holding’s Internal Audit Commission.

8.    Approval of JSC IDGC Holding’s Auditor.

9.    Transfer of the powers of JSC IDGC Holding’s sole executive body to Open Joint-Stock Company Federal Grid Company of Unified Energy System.

10.    Approval of the liability insurance contract for directors and officers, which is a related party transaction.

11.   Approval of the liability insurance contract for directors and officers to be entered into for the insurance period from December 12, 2012, to and including December 11, 2013, which is a related party transaction.

12.   Approval of the transaction (associated transactions) in connection with the acquisition by JSC IDGC Holding of additional ordinary shares in Kubanenergo, which is a related party transaction.

The Annual General Meeting of Shareholders of JSC IDGC Holding will be held at: Russian Federation, Moscow, prospekt Mira, 119, bldg. 55, All-Russia Exhibition Center (AREC), Pavilion 55.

The Annual General Meeting of Shareholders starts at 11:00 a.m. (Moscow time).
Registration of participants in the Annual General Meeting of Shareholders begins at 9:00 a.m. (Moscow time).

As resolved by the Board of Directors, the date of the list of the persons entitled to participate in the Company’s Extraordinary General Meeting of Shareholders is May 25, 2012.

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

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