OREANDA-NEWS. March 29, 2012. The general meeting of shareholders of Zakhidenergo was held. The shareholders considered and approved the company’s financial and economic performance in 2011 as well as determined the key lines of activity for 2012. They made the decision on renaming of Zakhidenergo PJSC to DTEK Zakhidenergo PJSC. The shareholders also decided to accrue and pay the dividends based on DTEK Zakhidenergo’s performance in 2011 to the amount of 30% of the Net profit by July 01, 2012 and approved the amount of the annual dividends based on DTEK Zakhidenergo’s performance in 2011 of UAH 24 076.500 (UAH 1.88 per 1 share).

 The general meeting of shareholders passed the resolution on securing the performance of the obligations of the buyer of the stake in DTEK Zakhidenergo, stipulated by the share sale and purchase agreement entered into by and between DTEK Holdings Limited and the State Property Fund of Ukraine on January 11, 2012 including the obligations on dividends payment to the State Budget of Ukraine based on 2011 performance. The State will receive the dividends accrued on the Company’s stake acquired during the privatization and previously owned by Energy Company of Ukraine NJSC and the State Property Fund of Ukraine.

 The general meeting terminated the authorities of the Management Board of DTEK Zakhidenergo and established a sole executive body – the general director. DTEK Holdings BV, DTEK Holdings Limited and Oleksandr Pozdnyakov representing Energy Company of Ukraine became new members of the Company’s Supervisory Board. The meeting of shareholders also elected new members – DTEK INVESTMENTS BV, DTEK LLC and ECU NJSC – to the Audit Committee of the Company.