OREANDA-NEWS. June 26, 2009. The Annual General Meeting of the Joint Stock Volga Shipping Company stockholders was held on June 3rd, 2009.

Shareholders of Volga Shipping considered and approved the company’s annual statement, annual balance sheet, and profit-and-loss report for the year 2008. The 2008 net profit of Volga Shipping amounted to 150,956,000 RUR. The General Meeting also approved the rate of dividend to be paid on preferred stock at 31.31 RUR and ordinary stock at 9.92 RUR per share. The total dividend amount to be paid will come to 30,183,000 RUR.

The General Meeting of Volga Shipping, JSC Shareholders appointed the Board of Directors of Volga Shipping, to be composed of: Rishat Bagautdinov, Oleg Boukin, Andrey Gorlenko, Svetlana Efremova, Igor Zakharov, Vladimir Kasyanenko, Victor Olersky, Galina Popova, and Igor Fiodorov.

The General Meeting elected the Revision Commission to be comprised of: Ilya Yelisavetsky, Irina Karasyova, Maxim Koutyrev, Maxim Lazoutov and Tatiana Prozorova. “Premier Audit” LLC was appointed to act as the auditing company for Volga Shipping.

The General Meeting approved the decision to terminate the management agreement with Volgo-Baltic Management JSC. Starting from July 1, 2009, Volga Shipping will make part of a new holding of shipping companies under management of “Transport Assets Management” Ltd.