On May 31, 2018 OAO IDGC of Urals (a part of PAO Rosseti family) conducted its Annual General Meeting of Stockholders in Yekaterinburg. The meeting was chaired by PAO Rosseti’s Chief Advisor and Chair of the IDGC of Urals’ Board of Directors Aleksandr Fadeev.
In the course of the meeting the stockholders have approved FY2017 annual report and financial statements. The stockholders have also agreed to pay RUB 0.0216 as dividends per one common share of the Company as of FY2017 in monetary form.
In his speech Aleksandr Fadeev emphasized: “The Year 2017 has brought the Company a train of milestone events, thrilling triumphs and production achievements. The Company showed its outstanding financial and economic performance, proving that the Urals subsidiary of PAO Rosseti has chosen the right vector of development. It should also be mentioned that by the year-end OAO IDGC of Urals has entered TOP 100 Russian Companies by market capitalization for the first time ever”.
Yuri Goncharov, representative of the Company’s majority stockholder, PAO Rosseti’s Deputy General Director for Corporate Governance and IDGC of Urals Board of Directors’ member, underlined in his speech that Rosseti’s subsidiaries show positive KPI dynamics year after year. He also noted management’s efforts for achieving KPIs and set key vectors of development in the nearest future: “Our mutual strategic aim is to build up digital networks. Implemented technologies will boost the efficiency of the energy complex. PAO Rosseti, in line with the devised cyberinfrastructure strategy, implements several pilot projects to be replicated in all Russian regions afterwards. The management of the Urals subsidiary has set concise development priorities and is very active in this sphere”.
The stockholders approved the following composition of the Board of Directors:
The stockholders approved the following composition of the Board of Internal Auditors:
In the course of the meeting stockholders also approved OOO Ernst & Young as the Company’s auditor as well as Amended and Restated Regulations on the Board of Directors, Executive Board, remunerations and compensations due to the Board of Internal Auditors.