OREANDA-NEWS. At a regular meeting held on April 24, the Board of Directors of Mostotrest (hereinafter - Mostotrest, the Company or, together with its consolidated subsidiaries, the Group) discussed issues pertaining to preparation of the Annual General Shareholders' Meeting.

The Company's Annual General Shareholders' will be held in Moscow on 27 June 2014. The Meeting will consider the Annual Report and annual financial statements of Mostotrest, elect the Board of Directors and the Audit Committee, approve the auditors and determine the dividend.

The Board of Directors of Mostotrest has pre-approved the Group's Annual Report and recommended the General Shareholders' Meeting to pay out dividends in the amount of the Group's 2013 IFRS profits, net of non-controlling interests. The total amount of 2013 dividend recommended by the Board of Directors for approval by the General Shareholders' Meeting is RUB2,000,907,000, or RUB7.09 per share. The list of persons entitled to dividends will be made on 16 July 2014 where ex-dividend date will be 14 July 2014.

Chairman of Mostotrest Board of Directors Georgy Koryashkin comments on the Board decision: "The Board of Directors decided to recommend maintaining the dividend at the level of previous years, despite a significant decrease in the Group's net profit in 2013, affected by significant one-off provisions for doubtful receivables. The Board's decision to maintain the dividend reflects the Group's strong market position and quality backlog, and the Board's confidence in its future prospects."