PJSC ROSSETI
Annual General Meeting Results
1 June 2020. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia announces the results of the Annual General Meeting of Shareholders ("AGM") held on June 1, 2020:
The following resolutions were passed at the AGM:
1. To approve the Company's annual report for 2019.
2. To approve the Company's accounting (financial) statements for 2019.
3. To approve the Company's profit distribution on the results for 2019.
4. To pay dividends on the Company's preference shares out of the Company's net profit for 2019 in the amount of 0.189304 ruble per preference share in cash.
To pay dividends on the Company's ordinary shares out of the Company's net profit for 2019 in the amount of 0.0885155625 ruble per ordinary share in cash.
The record date for the persons entitled to dividends shall be June 15, 2020.
5. To pay remuneration to the members of the Board of Directors, who are non-government employees, for serving on the Board of Directors in the amount established by the Company's internal documents.
6. Not to pay remuneration to the members of the Internal Audit Commission due to the absence of grounds for remuneration.
7. To elect the following 15 members to the Company's Board of Directors:
|
No. |
Full Name of the Member |
Position (position is indicated at the time of nomination) |
|
1. |
Stanislav Olegovich Ashirov |
Director General, AO Gazprom Energosbyt |
|
2. |
Boris Ilyich Ayuyev |
Chairman of the Management Board, SO UPS, JSC |
|
3. |
Maksim Sergeyevich Bystrov |
Chairman of the Board, Association NP Market Council |
|
4. |
Kirill Aleksandrovich Dmitriev |
Chief Executive Officer, Russian Direct Investment Fund |
|
5. |
Oleg Markovich Dubnov |
Vice-President and Executive Director of the Energy-Efficient Technology Cluster, Skolkovo Foundation |
|
6. |
Alexander Sergeyevich Kalinin |
President, OPORA RUSSIA All-Russian Public Organization of Small and Medium Business |
|
7. |
Pavel Anatolievich Livinsky |
Director General, PJSC ROSSETI |
|
8. |
Yury Vladislavovich Manevich |
Deputy Minister of Energy of the Russian Federation |
|
9. |
Andrey Yevgenyevich Murov |
Chairman of the Management Board, FGC UES, PJSC |
|
10. |
Alexander Valentinovich Novak |
Minister of Energy of the Russian Federation |
|
11. |
Mikhail Alekseyevich Rasstrigin |
Deputy Minister of Economic Development of the Russian Federation |
|
12. |
Nikolay Dmitryevich Rogalev |
Rector, Moscow Power Engineering Institute |
|
13. |
Vladimir Vladimirovich Furgalsky |
Deputy Director General, PJSC ROSSETI |
|
14. |
Andrey Vladimirovich Sharonov |
President, Moscow School of Management SKOLKOVO |
|
15. |
Sergey Ivanovich Shmatko |
Special Representative of the President of the Russian Federation on International Cooperation in the Electric Power Industry |
8. To elect the following 5 members of the Internal Audit Commission:
|
No. |
Full Name of the Member |
Position (position is indicated at the time of nomination) |
|
1 |
Diana Agamagomedovna Agamagomedova |
Lead Specialist-Expert, Federal Agency for State Property Management of the Russian Federation |
|
2 |
Sergey Arkadyevich Balagurov |
Deputy Unit Head, Electric Power Industry Development Department, Ministry of Energy of the Russian Federation |
|
3 |
Andrei Vladimirovich Gabov |
Deputy Director of the Department for State Regulation of Tariffs, Infrastructural Reforms and Energy Efficiency, Ministry of Economic Development of the Russian Federation |
|
4 |
Tatiana Valentinovna Zobkova |
Deputy Director of the Department for Corporate Policies and Property Relations in Fuel and Energy Industry Branches, Ministry of Energy of the Russian Federation |
|
5 |
Konstantin Konstantinovich Pozdnyakov |
Associate Professor, Management Department, and Deputy Head, PwC-sponsored Department, Financial University under the Government of the Russian Federation |
9. To approve RSM RUS as the Auditor of the Company.
10. To approve of a restated version of the Company's Articles of Association.
* * *
For further information:
PJSC ROSSETI
Maria Stepanova +7(495) 995 5333 (ext. 3961)
Yulia Martynova +7(495) 995 5333 (ext. 3834)
Horizon
Maria Novokreschenova +7(495) 225 0335
Yaroslav Gryaznov +7(495) 225 0335 (ext. 1010)
Public Joint Stock Company ROSSETI (PJSC ROSSETI) is one of the largest electric grid companies in the world. The Company manages 2.37 million kilometers of power lines and 517,000 substations with more than 802 GVA of transformer capacity.
ROSSETI comprises 34 subsidiaries and dependent companies, including 15 interregional and regional grid companies and one transmission grid company. The controlling shareholder with an 88.04% stake in the Company is the government represented by the Federal Agency for State Property Management of the Russian Federation.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC ROSSETI. You can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might", the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to PJSC ROSSETI and its operations.
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