On June 13, the annual General Meeting of Shareholders of IDGC of the North-West, PJSC (a subsidiary of Rosseti, PJSC) took place in Saint Petersburg. The meeting participants summed up the results of financial and economic activities for 2016. The event was chaired by the Deputy Head of the Office of PJSC "Rosseti", Chairman of the Board of Directors of PJSC "IDGC of the North-West" Yuri Mangarov. In his opening remarks Yuri Mangarov noted that in 2016, the company successfully fulfilled all its obligations, ensured a stable operation and modernization of the power grid of the North-West of Russia, and showed positive financial results.

Yury Goncharov, Deputy General Director for Corporate Governance PJSC "Rosseti", noted the role of PJSC "IDGC of the North-West" in receipt of the high results received in 2016 by the Group of Companies of PJSC "Rosseti", in particular, the work to improve the reliability of consumer power supply, reduce losses, ensure the availability of network infrastructure.

According to Alexander Letyagin, General Director of IDGC of the North-West, increasing the company's operational efficiency and investment attractiveness in 2016 was the result of improving corporate governance and systematic updating of production assets.

During the General Meeting of Shareholders, the issues on the approval of  the annual report, the annual financial statements, the election of the Board of Directors, the Audit Commission,  the approval  of  the auditor were considered. 

The shareholders considered the recommendations of the Board of Directors on payment of dividends based on the results of 2016 - 24.3% of net profit under RAS - 111 million 188 thousand rubles, or 0.0011608 rubles per one ordinary share. 

Information on the results of voting and decisions will be disclosed by PJSC "IDGC of the North-West" after drawing up the minutes of the annual General Meeting of Shareholders.