October 2, 2020. Moscow,
Russia. PJSC RusHydro (ticker symbol: MOEX, LSE:
HYDR; OTCQX: RSHYY) announces the results of the Annual General
Meeting of shareholders (AGM) held in absentia on September 30, 2020
in Moscow.
Key
highlights:
- AGM approved dividend in the amount of RUB
0,03568039 per share or RUB 15.7 billion in total (average of
dividends paid over the previous 3 years);
- AGM elected 13 members to the Board of
Directors;
- AGM elected 5 members to the Company’s
Audit Commission;
- AGM approved amendments to the Articles of
Association and other internal documents.
***
The AGM reviewed the agenda consisting of 14 items
and approved the Company’s 2019 Annual Report including the report
on sustainable development, dividend distribution for 2019, annual
accounting (financial) statements and elected members to the Board of
Directors and to the Company’s Audit Committee.
The AGM approved the following distribution of
profit for 2019 (in RUB mn):
Retained profit for the reporting period
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38,644.8
|
Reserve fund
|
1,932.2
|
Development of the Company
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21,038.6
|
Dividends
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15,674.0
|
The AGM resolved to pay dividends in the amount of
RUB 0,03568039 per share (average of dividends paid over the previous
three years in accordance with the new dividend policy) and
recommended dividend record date – October 10, 2020.
***
The AGM elected 13 members to the Board of
Directors:
Maxim Bystrov, Chairman of the Management
Board, JSC ATS, NP Market Council;
Pavel Grachev, CEO, PJSC Polyus;
Alexey Kozlov, Assistant to Deputy Prime
Minister of the Russian Federation;
Lev Kuznetsov, General Director, First Deputy
of the Chairman of the Board of Directors of JSC UK Intergeo;
Yuri Manevich, Deputy Minister of Energy of
the Russian Federation;
Vyacheslav Pivovarov, General Director,
Altera Capital;
Nikolay Rogalev, Chancellor, Moscow Power
Engineering Institute, Federal Research University;
Dmitry Snesar, Department Director, Senior
Vice President, VTB Bank;
Yuriy Trutnev, Deputy Chairman of the
Government of the Russian Federation — Plenipotentiary
Representative of the President of the Russian Federation in the Far
Eastern Federal District;
Natalia Filippova, Deputy Director of
Secretariat of Deputy Chairman of the Government of the Russian
Federation — Plenipotentiary Representative of the President of
the Russian Federation in the Far Eastern Federal District;
Aleksey Chekunkov, General Director, Far East
Development Fund;
Andrei Shishkin, Vice-President for Energy,
Localization and Innovation, PJSC Rosneft Oil Company;
Nikolay Shulginov, Chairman of the Management
Board — Director General of PJSC RusHydro.
***
The AGM elected the following candidates to the
Company's Auditing committee:
Nataliya Annikova, member of PJSC RusHydro’s
Audit Committee;
Andrey Gabov, Deputy Director of the
Department of the Ministry of Economic Development of Russia
Tatyana Zobkova, Deputy Head of Department,
Ministry of Energy of the Russian Federation;
Jakub Malsagov, Chief specialist-expert of
the Department of Management of the Federal Agency for State
Property Management;
Igor Repin, Deputy Executive Director of the
Association of Professional Investors.
***
The AGM resolved to pay remuneration to the
members of the Board of Directors based on their performance for the
period of June 28, 2019 – September 30, 2020 in the amount and
under the procedure set in the Regulations on remuneration to members
of the Board of Directors of RusHydro.
***
The AGM approved CJSC PriceWaterhouseCoopers as
its auditor. PriceWaterhouseCoopers is one of the top four
audit/consulting companies in Russia and worldwide. It has won the
competitive tender to audit PJSC RusHydro in 2018-2020.
***
In order to comply with the legislation
requirements and implementation of leading corporate practices, the
AGM approved new editions of the following internal regulations of
PJSC RusHydro:
Articles of Association;
Regulations on procedure for convening and
holding general meeting of shareholders;
Regulations on procedure for convening and
holding meetings of the Board of Directors;
Regulations on the Company’s Management
Board.
Regulation on remuneration and compensation
to members of the Internal Audit Commission of the Company.
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