OREANDA-NEWS. June 29, 2015. The Annual General Meeting of Shareholders of IDGC of Centre was held. Owners of 89.2% of the Company’s shares participated in its work.

The meeting was held in the form of joint presence, chaired by Yury N. Mangarov – Deputy Chairperson of the Board of Directors of the Company.

Andrey A. Demin – First Deputy General Director for Economy and Finance of JSC "Russian Grids" was at the presidium of the meeting, in addition to representatives of the Company’s management.

The meeting approved the annual report, annual accounting statements of the Company for 2014, decided on the distribution of net profit earned in the reporting year:

Retained earnings of the reporting period thous. RUB ="center"> 325 939
To be distributed to:
Profit for development thous. RUB ="center"> 2 494 246
Dividends thous. RUB ="center"> 831 693

831 693 thous. RUB (0.0197 RUB per placed share), representing 25% of net profit under RAS in 2014, will be allocated for the payment of dividends on the Company’s shares.

Dividends are to be paid to nominal holders and professional participants of the securities market not later than July 21, 2015, other registered shareholders – not later than August 11, 2015.

The shareholders elected new members of the Board of Directors of 11 people:

  1. Alexander Markovich Branis – Director of Prosperity Capital Management (Russian Federation) Ltd.
  2. Tatiana Petrovna Dronova – Deputy General Director for Strategy and Development of ZAO "Investment Holding "Energy Alliance".
  3. Oleg Yuryevich Isaev – General Director of IDGC of Centre, JSC.
  4. Denis Alexandrovich Malkov – Director of Electricity Balances and Metering Department of JSC "Russian Grids".
  5. Yury Nikolayevich Mangarov – Top Adviser of JSC "Russian Grids".
  6. Yury Nikolayevich Pankstyanov – Director of Tariff Policy Department of JSC "Russian Grids".
  7. Maxim Mikhailovich Saukh – Head of Corporate Governance Office of Corporate Governance and Interaction with Shareholders and Investors Department of JSC "Russian Grids".
  8. Roman Alexeyevich Filkin – Co-Director of Representative Office of Prosperity Capital Management (Russian Federation) Ltd., power engineering, machine building.
  9. Andrey Nikolayevich Kharin – Deputy Director of Corporate Governance, Pricing Environment and Supervisory Work in the Fuel and Energy Industry Department of the Ministry of Energy of Russia.
  10. Alexander Viktorovich Shevchuk – Executive Director of Association of Professional Investors.
  11. Natalia Ilyinichna Erpsher – Head of Organizational Development Office of Personnel Policy and Organizational Development Department of JSC "Russian Grids".

The Audit Commission’s members were elected as follows:

  1. Svetlana Anatolyevna Kim – Head of Audit Activities and Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids".
  2. Oxana Alexeevna Medvedeva – Head of General Audit and Audit Activities Section of Audit Activities and Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids".
  3. Sergey Ivanovich Ochikov – Leading Expert of General Audit and Audit Activities Section of Audit Activities and Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids".
  4. Sergey Vladimirovich Malyshev – Leading Expert of Audit Activities and Internal Audit Office of Internal Audit and Control Department of JSC "Russian Grids".
  5. Tatiana Viktorovna Zaitseva – Principal Expert of Methodology Section of Control and Risk Office of Internal Audit and Control Department of JSC "Russian Grids".

The Articles of Association of the Company and internal documents were approved:

  • the Regulation on the General Meeting of Shareholders of the Company;
  • the Regulation on the Board of Directors of the Company;
  • the Regulation on the Audit Commission of the Company;
  • the Regulation on the Management Board of the Company;
  • the Regulation on the payment of remuneration and compensation to members of the Board of Directors of the Company;
  • the Regulation on the payment of remuneration and compensation to members of the Audit Commission of the Company.

RSM RUS was approved as the Company's Auditor for 2015.

No decision was taken regarding the item on approval of the liability insurance contract of directors and officers of the Company, which is a related party transaction.

Oleg Y. Isaev, General Director of the Company, was elected to the Company’s Board of Directors for the second consecutive year. The shareholders gave the maximum votes for his nomination among all the candidates, which testifies high trust of minority shareholders to Oleg Isaev and the Company’s management as a whole.