Meeting of Shareholders
In 2014, the Company held its obligatory annual General Meeting of Shareholders and, in addition, one extraordinary General Meeting of Shareholders.
The annual General Meeting of Shareholders, which took place on 6 June 2014, approved the Company’s Annual Report and annual accounting statement for 2013. The annual General Meeting of Shareholders approved the distribution of profit based on 2013 results and decided to pay dividends based on 2013 results in the amount of 9.38 RUB per share. Taking into account previously paid dividends for the first half of 2013, payable dividends amounted to 5.29 RUB per share. In addition, new versions of the Board of Directors and Audit Commission were elected. The Company’s external auditor for 2014 was approved and remuneration for members of the Board of Directors and Audit Commission was approved.
At the extraordinary General Meeting of Shareholders that took place on 30 September 2014, the Company for the second time in its history considered paying dividends based on the results of the first half of 2014 and decided to pay dividends based on the results of this period in the amount of 4.62 RUB per share.