OREANDA-NEWS. June 18, 2008. At the annual meeting of shareholders of Burevestnik OJSC it was decided to pay RUR 12.742.5 million as dividends for 2007, the plant’s release reads. The dividends per one A-type preferred share is to make RUR 135, per 1 ordinary share – RUR 112.14.

The plant’s net profit made RUR 36.374 million. It was decided to allocate RUR 18.069.6 million for technical upgrading, RUR 1.190 million – for welfare assistance; RUR 800,000 – for bonuses; RUR 140,000 – for charity and sponsorship; RUR 490,000 – for trip payments; RUR 2.841.9 million - for other social needs.

The company’s total balance approved is RUR 289.245 million.

The meeting also elected the company’s BOD:

Mikhailova E.V. (advisor, board of management, Federal Property Fund);
Gorbach V.D. (Director General, FSUE Central Scientific Research Institute of Shipbuilding Technologies");
Vorontsov A.S. (deputy head of the board, Federаl Agency on Industry);
Blinov M.A. (head of Leningrad region territorial board, Federal Property Fund);
Volkov O.V. (Director General, HOLDING SPETSKOMPLEKTRESURS CJSC);
Korkhov O.D. (President of HOLDING SPETSKOMPLEKTRESURS CJSC);
Leitis I.M. (Director General, ADAMANT CJSC).

The shareholders also elected Audit Commission, approved Inkas-audit CJSC as the company’s auditor for 2008 and approved the new edition of the company’s Charter.
The plant was founded in 1924. In 1994 it was incorporated as an open joint stock corporation Zavod Burevestnik and started production of fittings for oil & gas and fuel & energy industries according to conversion programs. Inthe company was renamed Zavod Burevestnik OJSC.