OREANDA-NEWS. The Annual General Meeting of Shareholders (AGM) of Joint Stock Company Freight One was held in Moscow on June 27, 2014.

The AGM approved the annual report and the annual financial statements, including the profit and loss statement for 2013.

The participants of the meeting voted against paying dividends to the Company shareholders.

The Board of Directors of Freight One was elected with the membership unchanged:

1. Voloshin Alexander Stalievich - an independent director,
2. Fedorov Igor Petrovich,
3. Bagrin Oleg Vladimirovich,
4. Batyrev Anton Iskanderovich,
5. Bukin Oleg Yurievich,
6. Kiselyov Oleg Vladimirovich - an independent director,
7. Lisin Dmitry Vladimirovich,
8. Sapronov Alexander Alekseevich,
9. Fedorov Vyacheslav Petrovich.

The membership of Freight One Revision Commission has also remained unchanged.

ZAO KPMG was elected to audit Freight One financial statements in 2014.

In order to improve controllability of the Company's operating activities the AGM voted to restructure Freight One through merger with JSC "Independent Transport Company" (NTK) and transfer of all assets, rights and obligations of Freight One to NTK.

"Legal merger of UCL Holding's railway assets is fully consistent with the strategy to strengthen our leading position in the Russian freight rail market. Moreover, consolidation of administrative functions in one legal entity will simplify the corporate structure, reduce administrative costs and improve investment appeal of the unified company," - said Oleg Bukin, CEO of Freight One.