OREANDA-NEWS. June 27, 2012. On June 20, 2012 the Annual General Meeting of OJSC MICCEX-RTS shareholders took place. 48 shareholders and their representatives owning together 99.27% of the company's voting shares participated in the meeting. The participants of the meeting evaluated the MICEX-RTS's performance for the year,   reviewed financial and economic activity of the company, i.e. approved the MICEX-RTS Annual report, financial statements, profit distribution, including payment (declaring) of dividends for the financial year.

The dividends will be paid in cash at the rate of RUB0.31 per share within 60 days after the Annual General Meeting of shareholders takes place.

The AGM considered changing the business name of OJSC MICEX-RTS and approving a new version of the Charter of Open Joint Stock Company "Moscow Exchange MICEX-RTS".

The new version of the Charter implies separation of power between the President and Chief Executive Officer. The Chairman of the Executive Board acts as the CEO of the company. Alexander Afanasiev, Deputy CEO at MICEX-RTS, was elected to this post at the AGM.  A. Afanasiev was proposed as the company's CEO by the Board of Directors.

By the resolution made at the AGM the new version of the Charter will come into force after its state registration by the tax authority.

Ruben Aganbegyan as the President of the company will focus on promoting Exchange's legislative initiatives, interacting with government agencies, investors, issuers as well as preparing to an IPO.  Alexander Afanasiev, the CEO, will be responsible for business organizational and development arrangements and operation administration of the company. The President and CEO will share the responsibility for the company's development and implementation of its Strategy.

Moreover, the shareholders made resolutions related to determination of remuneration amounts for independent directors of the company, participation of Moscow Exchange in the Association of Russian Banks, approval of related-party transactions and election of members of the Board of Directors.

The following persons were elected to the Board of Directors of OJSC "Moscow Exchange MICEX-RTS":

Ruben Aganbegyan

Nicola Jane Beattie

Mikhail Bratanov

Andrey Golikov

Martin Paul Graham

Oleg Jelezko

Bella Zlatkis

Nadezhda Ivanova

Anatoly Karachinsky

Sergey Lykov

Jacque Der Megredichyan

Alexander Perchovsky

Viktor Remsha

Alexander Sapozhnikov

Vladimir Sokolov

Tatiana Fomina

Sergey Shvetsov

Andrey Shemetov

Kirill Shershun.

MICEX-RTS Group is the Russian stock and derivatives exchange that came to existence in December 2011 after the merger of two main Russian exchanges, MICEX and RTS. It  provides a wide range of opportunities to Russian and foreign investors for equities, bonds, currencies as well as derivatives trading. OJSC MICEX-RTS and CJSC MICEX Stock Exchange act as trading organizers within the Group. National Settlement Depository, CJSC Depository Clearing Company and RTS Settlement Chamber provide settlement and depository services.  CJSC RTS Clearing Center and CJSC National Clearing Center render clearing services.

Trading on the securities market of the MICEX-RTS Group is held in the following sectors: Main market, Standard sector and Classica sector.  Trading in derivatives instruments is carried out on the FORTS Derivatives market (for futures and options on equities, bonds, currency and commodities) and MICEX Derivatives market (for futures on currency and interest rates).  The Money market consists of two sections; one is for government securities repo operations and money market instruments and the other is for repo operations in equities and bonds.

The MICES Index and RTS Index, the main benchmarks of the Russian stock market, are calculated on the basis of securities prices formed in the order books of the MICEX-RTS Securities market. The indices are calculated continuously from 10.00am MSK to 11.50pm MSK. The MICEX-RTS sector indices have been transformed into a single product line with unified calculation procedures and securities baskets.