16.04.2010, 16:21
Energougol-ENE (DTEK) Holds Its General Meeting of Shareholders
OREANDA-NEWS. April 16, 2010. The General meeting of shareholders of Energougol-ENE has approved the results of the Company’s performance in 2009. By majority of votes the shareholders have decided not to pay dividends and retain last year profit to allocate it for operations development.
Besides, as the Law of Ukraine On Joint Stock Companies came into force, the respective amendments have been made into the Articles of Association of the Company.
Decisions have also been taken on dematerialization of the Company’s shares (changing the form of the shares issue from documentary one into a non-documentary one), selection of a depositary to serve non-documentary shares and a custodian wherein the Company will open security accounts for its shareholders.
‘In 2009, the company has demonstrated good operational and financial performance. We continued implementing our programmes aimed at uninterrupted electricity supplies to consumers and increased utilization of energy equipment, invested and will continue to invest into the reconstruction and construction of electricity transmission lines, introduction and development of information technologies, upgrade and improvement of electricity metering’, said the General Director of Energougol-ENE (DTEK), Aleksandr Fomenko.
Reference
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and enrichment, electricity generation and distribution.
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five enrichment plants. According to 2009 performance results, the Company’s share in the Ukrainian coal mining industry was 24.4%.
The generation business of DTEK is represented by Vostokenergo and the associated Dneproenergo Company, in which DTEK owns 47.5%. According to 2009 performance results, the share of Vostokenergo and Dneproenergo in thermal generation of Ukraine was 25.3% and 20.5% respectively.
Service-Invest and Energougol ENE represent the electricity distribution business of DTEK. Their share of electricity purchase in SE Energorynok in 2009 made 7.7%.
Besides, as the Law of Ukraine On Joint Stock Companies came into force, the respective amendments have been made into the Articles of Association of the Company.
Decisions have also been taken on dematerialization of the Company’s shares (changing the form of the shares issue from documentary one into a non-documentary one), selection of a depositary to serve non-documentary shares and a custodian wherein the Company will open security accounts for its shareholders.
‘In 2009, the company has demonstrated good operational and financial performance. We continued implementing our programmes aimed at uninterrupted electricity supplies to consumers and increased utilization of energy equipment, invested and will continue to invest into the reconstruction and construction of electricity transmission lines, introduction and development of information technologies, upgrade and improvement of electricity metering’, said the General Director of Energougol-ENE (DTEK), Aleksandr Fomenko.
Reference
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and enrichment, electricity generation and distribution.
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five enrichment plants. According to 2009 performance results, the Company’s share in the Ukrainian coal mining industry was 24.4%.
The generation business of DTEK is represented by Vostokenergo and the associated Dneproenergo Company, in which DTEK owns 47.5%. According to 2009 performance results, the share of Vostokenergo and Dneproenergo in thermal generation of Ukraine was 25.3% and 20.5% respectively.
Service-Invest and Energougol ENE represent the electricity distribution business of DTEK. Their share of electricity purchase in SE Energorynok in 2009 made 7.7%.
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