OREANDA-NEWS. In Moscow, the Annual General Meeting of Shareholders of IDGC of Centre was held. The meeting was held by personal attendance chaired by Oleg Y. Isaev - General Director of the Company.

Reports to shareholders on the agenda items were given by General Director of IDGC of Centre Oleg Isaev, Deputy General Director for Economy and Finance of IDGC of Centre Sergey Rumyantsev, and Deputy General Director for Corporate Governance Yury Minchenko.

During his speech Oleg Isaev underlined: "Summing up 2013, we can say that the performance of IDGC of Centre in the reporting year fully corresponds to the set strategic objectives. In 2013 the Company continued to increase its production capacity, and operating results also showed growth: "joint operation" net supply increased by 0.2 % compared to 2012, the loss of electricity decreased from 9.53 to 9.16 % in 2013. Revenue of the Company grew by 33.9 % and amounted to 92.9 billion rubles. Sales profit increased by 22.3 % to 11.5 billion rubles, and net profit for 2013 amounted to 293 million rubles. During the reporting period all key performance indicators of the Company, approved by the Board of Directors for 2013, were fully implemented."

At the meeting the Company's shareholders participated in the discussion and voting on eight items of the agenda:

1. Approval of the annual report, annual accounting statements, as well as the distribution of profit (including payment of dividends) and losses of the Company following the results of fiscal year 2013.

2. Election of members of the Board of Directors of the Company.

3. Election of members of the Audit Commission of the Company.

4. Approval of the Company's Auditor.

5. Approval of the Articles of Association of the Company in a new edition.

6. Approval of the internal document of the Company: the Regulations on the procedure for preparation and holding of general meeting of shareholders of the Company in a new edition.

7. Approval of the internal document of the Company: the Regulations on the Audit Commission of the Company in a new edition.

8. Approval of the liability insurance contract of directors and officers of the Company, which is a related party transaction.

The shareholders approved the annual report and annual accounting statements of the Company for 2013.

Under the meeting decision, 25 %, or 75 992 thousand rubles out of 292 898 thousand rubles of the net profit, received following the results of 2013, will be paid as dividends, and 216 906 thousand rubles will be allocated for the Company's development.

It was decided to pay dividend per ordinary share of the Company following the results of 2013 in the amount of 0.0018 rubles in cash. The dividend payment period to a nominal holder and a beneficial owner being a professional securities market participant is no more than 10 working days, to other registered shareholders - 25 working days from the record date of the list of persons entitled to receive dividends.

The record date of the list of persons entitled to receive dividends - 14 July 2014.

Ernst & Young LLC was approved as the Company's Auditor for 2014.

The General Meeting of Shareholders elected new members of the Board of Directors of the Company, including:

1. Oxana Vladimirovna Shatokhina - Deputy General Director for Economy of JSC "Russian Grids";

2. Maria Valeryevna Lazareva - Director of Expert-Analytical Department of JSC "Russian Grids";

3. Yury Nikolayevich Mangarov - Adviser of JSC "Russian Grids";

4. Oleg Yuryevich Isaev - General Director of IDGC of Centre, JSC;

5. Vladimir Vladimirovich Sofyin - Director of Technology Development and Innovation Department of JSC "Russian Grids";

6. Maxim Mikhailovich Saukh - Head of Corporate Governance Office of Corporate Governance and Interaction with Shareholders and Investors Department of JSC "Russian Grids";

7. Pavel Nikolayevich Snikkars - Director of Electric Power Industry Development Department of the Russian Ministry of Energy;

8. Natalia Ilyinichna Erpsher - Head of Organizational Development Office of Personnel Policy and Organizational Development Department of JSC "Russian Grids";

9. Alexander Markovich Branis - Prosperity Capital Management (Russian Federation) Ltd., Director;

10. Roman Alexeyevich Filkin - Representative Office of Prosperity Capital Management (Russian Federation) Ltd., Co-Director, power engineering, machine building;

11. Denis Viktorovich Kulikov - Nonprofit organization Association for Protection of rights of investors, Executive Director.

The following new members of the Audit Commission of the Company were elected:

1. Marina Alexeyevna Lelekova - Director of Internal Audit and Control Department of JSC "Russian Grids";

2. Elena Polikarpovna Kuznetsova - Head of Corporate Audit Section of Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids";

3. Elena Yuryevna Guseva - Leading Expert of Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids";

4. Sergey Vladimirovich Malyshev - Leading Expert of Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids";

5. Sergey Ivanovich Ochikov - Leading Expert of Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids".

The General Meeting of Shareholders approved the Articles of Association of the Company in a new edition, as well as new editions of the internal documents of the Company: the Regulations on the procedure for preparation and holding of General Meeting of Shareholders of the Company, and the Regulations on the Audit Commission of the Company.

The decision was not taken regarding the item on the approval of the liability insurance contract of directors and officers of the Company, which is a related party transaction.