June 29, 2018. Moscow, Russia.
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY)
announces the results of the Annual General Meeting of shareholders
(AGM) held on June 27, 2018 in Moscow.
Key highlights:
AGM approved dividend in the amount of RUB
0.0263335 per share or RUB 11.2 billion in total;
AGM elected 13 members of the Board of
Directors;
AGM elected 5 members to the Company’s
Audit Commission;
AGM approved participation in Russia
Global Compact Network;
AGM approved amendments to the Articles of
Association and other internal documents.
***
The AGM approved the Company’s 2017 Annual
Report and annual accounting (financial) statements. The report on
sustainable development is included in 2017 Annual Report as well.
The AGM approved the following distribution of
profit for 2017 (in RUB):
Retained profit for the reporting period
|
36,148,608,891.19
|
Reserve fund
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1,807,430,444.56
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Development of the Company
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23,115,501 974.98
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Dividends
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11,225,676,471.65
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The AGM resolved to pay dividends in the amount of
RUB 0.0263335 per share (50% of the Group’s net profit for 2017
under IFRS) and recommended dividend record date – July 7, 2018.
***
The AGM elected 13 members to the Board of
Directors[1]:
Yury Trutnev, Deputy Chairman of the
Government of the Russian Federation — Plenipotentiary
Representative of the President of the Russian Federation in the Far
Eastern Federal District;
Artem Avetisyan, Director of New business
division, Agency for Strategic Initiatives for New Projects
Promotion;
Maxim Bystrov, Chairman of the Management
Board, JSC ATS, NP Market Council;
Pavel Grachev, CEO, PJSC Polyus;
Sergei Ivanov, General Director, LLC RT
Capital;
Vyacheslav Kravchenko, Deputy Minister of
Energy of the Russian Federation;
Pavel Livinsky, General Director, PJSC
Rosseti;
Vyacheslav Pivovarov, General Director,
Altera Capital;
Mikhail Rastrigin, Deputy Minister of
Economic Development of the Russian Federation;
Nikolay Rogalev, Chancellor, Moscow Power
Engineering Institute, Federal Research University;
Sergey Shishin, Senior Vice-President, VTB
Bank (PJSC);
Andrei Shishkin, Vice-President for Energy,
Localization and Innovation, PJSC Rosneft Oil Company, Chairman of
the Management Board, PJSOC Bashneft;
Nikolay Shulginov, Chairman of the Management
Board — Director General of PJSC RusHydro.
***
The AGM elected the following candidates to the
Company's Auditing committee[2]:
Natalia Annikova, First Deputy General
Director, OJSC Construction Department ¹308;
Tatyana Zobkova, Department Division Head,
Ministry of Energy of the Russian Federation;
Marina Kostina, Deputy Department Director,
Ministry of Economic Development of the Russian Federation.
Igor Repin, Deputy Executive Director,
Association of Institutional Investors;
Dmitry Simochkin, Deputy Head of Department,
Federal Agency for State Property Management
***
The AGM approved the appointment of CJSC
PriceWaterhouseCoopers as its auditor. PriceWaterhouseCoopers is one
of the top four audit/consulting companies in Russia and worldwide.
It has won the competitive tender to audit PJSC RusHydro in
2018-2020.
***
The AGM approved participation in Russia Global
Compact Network.
The UN Global Compact is the UN’s largest
initiative on corporate social responsibility and sustainable
development. The organization’s mission is to facilitate
mobilization of the global movement of sustainable companies.
Participation in the Network will promote the main principles of UN
Global Compact on environmental protection, human rights,
anti-corruption and fair employment.
The Board of Directors recommended the AGM to
approve participation in:
Self-regulatory corporation of Krasnoyarsk Region
builders association;
Self-regulatory organization Association of energy
facilities designers - ENERGOPROJECT;
Association for engineering surveying in
construction industry.
Participation in self-regulatory organizations is
mandatory requirement of the Urban Development Code of the Russian
Federation for companies independently conducting design, engineering
and construction.
***
The Board of Directors recommended AGM to
terminate RusHydro’s participation in Non-Commercial Partnership
Russian-Chinese Business Council.
***
The AGM approved new edition of the following
internal documents of PJSC RusHydro:
Articles of Association;
Regulations on convening and holding general
meetings of shareholders;
Regulations on convening and holding meetings
of the Board of Directors;
Regulations of the Company’s Management
Board.
***
The AGM resolved to pay remuneration to the
members of the Board of Directors based on their performance for the
period of June 26, 2017 – June 27, 2018 in the amount and under the
procedure set in the Regulations on remuneration to members of the
Board of Directors of RusHydro.
[1]
Positions are indicated as of the date of nomination to the Board of
Directors.
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