Holders of 88.76% of the Company’s shares took part in the Meeting. The Meeting passed positive resolutions on all the issues of the agenda. The Company’s shareholders approved of the annual report, annual financial statements, including the Company’s profit and loss statement and the distribution of profit (including payment of dividends) and losses based on the results of the 2011 year.
The net profit amounting to 1,305,932 thousand rubles was distributed in the following way: 65,297 thousand rubles were allocated for the Reserve Fund, 1,040,628 thousand rubles were allocated for the development purposes and 200,007 thousand rubles to the payment of dividends. The Meeting resolved to pay dividends on ordinary shares of the Company according to the results of 2011 in the amount of 0.00112 rubles per each ordinary share of the Company within 60 days after passing the relevant resolution.
The new Board of Directors was elected as follows: Remes Seppo Yukha, Tatyana Vladimirovna Gavrilova, Vladimir Anatolyevich Ryabikin, Vasily Vladislavovich Nikonov, Aleksey Yuryevich Perepyolkin, Andrey Evgenyevich Murov, Vladimir Vyacheslavovich Inozemtsev, Sergey Vyacheslavovich Vasilyev, Yury Nikolaevich Pankstyanov, Yury Veniaminovich Adler and Alexander Viktorovich Varvarin. The Auditing Commission was elected as follows: Izumrud Aligadzhievna Alimuradova, Vladimir Nikolaevich Arkhipov, Lyudmila Dmitrievna Kormushkina, Galina Ivanovna Meshalova and Nikolay Alexandrovich Belyaev. KMPG, CJSC, was approved as the Auditor of the Company. The Company’s shareholders resolved to approve a revised Regulation on the Procedure for Preparation and Holding of Meetings of the Board of Directors of the Company.