OREANDA-NEWS. The Board of Directors of OJSC Mostotrest (hereinafter - Mostotrest or the Company) held a meeting in Moscow to consider issues pertaining to preparation of the Annual General Shareholders' Meeting.

The agenda of the Company's Annual General Shareholders' Meeting to be held in Moscow on June 28, 2013 includes approval of the annual report and annual financial statements, election of members of the Board of Directors and the Audit Committee, approval of the auditors and the amount of dividend.

The Board of Directors has preliminarily approved the Company's annual report and recommended to the General Shareholders' Meeting to pay 2012 dividend in the amount of RUB 7.80 per ordinary share of Mostotrest. The total amount of 2012 dividends proposed by the Board of Directors for approval by the General Shareholders' Meeting is RUB 2,201.281 million, which is higher than 2011 dividend (2011: RUB 2,003.730 million). The record date is 16 May 2013.

"We would like to share our outstanding financial results with our shareholders and increase our dividend payment by 10% to RUB2.2 bn, increasing the dividend payment year after year. The current 51% payout level strikes a fine balance between rewarding shareholders and growing our business", said Mostotrest CEO Vladimir Vlasov.