Annual Report 2013

General Meeting of Shareholders

The General Shareholders’ Meeting is the Company’s supreme management body. The shareholders exercise their rights to manage the Company’s operations by voting, proposing issues to the agenda of the meeting and by recommending candidates to the management and regulatory bodies of the Company

On June 14, 2013, the Annual General Meeting of Shareholders was held in the form of shareholders’ joint attendance in the Holiday Inn Vinogradovo conference hall in Moscow.

Over 100 shareholders and their representatives attended the meeting. The holders of 90.2% of the Company’s shares voted on the issues of the agenda.

The shareholders made the following resolutions at the meeting:

  • the annual report for 2012, annual financial statements and profit distribution for 2012 were approved;
  • net profit in the amount of 3,450.7 mln RUB was distributed in the following way: 2,587.8 mln RUB was allocated for Company growth and 862.9 mln RUB was allocated for the payment of dividends;
  • to pay dividends on common shares of the Company for 2012 in the amount of 0.02044 RUB per common share of the Company;
  • new members of the Board of Directors and the Audit Committee of the Company were elected. CJSC KPMG was approved as the Company’s Auditor.

For details on resolutions passed by the Annual General Meeting of Shareholders on June 14, 2013, please visit the Company’s corporate website.