OREANDA-NEWS. On April 29th, a meeting of the ChelPipe Board of Directors took place.

The Board tentatively approved the annual accounting statements and endorsed the Company’s annual report for Year 2015, recommended the General Meeting of the shareholders neither to announce nor pay dividends on shares but aim the profit at the investment, production and social development of the Company.

The Board suggested the General Meeting of the shareholders approve the Company’s Charter and corporate documents regulating the activity of the Company’s bodies, as amended.

The Board suggested the annual General Meeting of the shareholders approve a series of proposed transactions, including large deals and those that might be effected in the future as the Company pursues its normal business activities.

Besides, the agenda for the annual General Meeting of the shareholders was approved alongside its date - June 28, 2016.