OREANDA-NEWS. During its meeting held on April 13, 2015 in Moscow, the Board of Directors of PJSC Mostotrest (hereinafter - Mostotrest, the Company or the Group) reviewed preparations for the Annual General Shareholders' Meeting. The Board previously approved the Annual Report of the Group for 2014, reviewed annual financial statements and considered other issues.

In accordance with the decision of the Board, the Annual General Shareholders' Meeting of Mostotrest will be held on May 14, 2015. Items on the agenda include approval of the Annual Report and annual financial statements, selection of auditors, election of the Board of Directors and the Audit Commission, review of the procedure for approval of related party transactions with subsidiaries and affiliated companies, as well as approval of the dividend for 2014.

Based on 2014 results, the Board of Directors of Mostotrest recommended to the General Shareholders' Meeting to approve a dividend of RUB7.09 per ordinary share. The total 2014 dividend amount proposed by the Board for approval by the General Shareholders' Meeting is RUB 2,000,907,000, which is similar to the dividend amount paid for 2013. The list of persons entitled to receive dividends is recommended to be made on May 25, 2015. Ex-dividends date is May 21, 2015.

"The Board of Directors decided to recommend to the General Shareholders' Meeting to maintain the dividend at the level of the previous year, despite a challenging macroeconomic environment and the overall state of the industry this year. A solid position of the Company, supported by the experience and qualifications of its staff, a balanced approach to participation in new projects, the reputation of a reliable borrower and other competitive advantages ensure the resilience of Mostotrest in a difficult period, as well as the Company’ ability to continue paying dividends to its shareholders".

Mostotrest is a major, diversified infrastructure construction company, with established presence in all core and related market segments, and a participant in Russia’s first public-private partnership projects. According to EMBS Group, an independent industry consultancy, in 2014 Mostotrest held a 13.4% share of the total Russian transport infrastructure construction market.

Mostotrest’s core competences include construction and reconstruction of bridges, roads and other transport infrastructure facilities; provision of road maintenance, repair and operating services. In 2012, Mostotrest also entered a new segment: management of road concessions.

The company was established in 1930 as a developer of complex and oversized bridges.

Mostotrest is currently participating in implementation of a number of complex transport infrastructure development projects, such as construction of the Section 4 (km 208 – km 258) and Section 6 (km 334 – km 543) of the M-11“Moscow – St Petersburg” Toll Highway, construction and reconstruction of the M-4 “Don”, M-9 “Baltic” and M-11 “Narva” highways, construction of Businovskaya Interchange in Moscow, Bor Bridge in Nizhny Novgorod and Voroshilovsky Bridge in Rostov-on-Don.