Yekaterinburg Electrical Grid Company’s net profit comes to over 388m RUR

June 27, 2013. The net profit of Yekaterinburg Electrical Grid Company came to 388.13m RUR in 2012. Most of this money (372.14m RUR) will be directed to investment, 15.98m RUR will be used to pay dividend. These decisions were made at the annual general meeting, where a new BOD comprising 9 members was also selected, the company’s press service reports.

The AGM was held by Yekaterinburg Electrical Grid Company on June 21, 2013; the points on the agenda covered issues relating to profit distribution, the payment of dividends, selecting the new Board of Directors and the audit team, and deciding on the auditor for the year. The company shareholders decided to approve of both the annual report and the annual accounting report for 2012.

The 15.98m RUR that will be directed to dividend payment will be split into 0.0148 RUR per share; the dividends will be paid within 60 days of the AGM.

The new BOD comprises nine members: MRSK Holding Corporate Governance and Shareholder Relations Department’s Standards & Methodology Division’s Director Yuri Adler, Deputy Head of Yekaterinburg Administration for Housing and Communal Housing Services Alexei Kozhemyako, First Deputy Head of MRSK Holding Economics Department Marina Lavrova, MRSK Urala Deputy Chief O&M Engineer Viktor Ovchinnikov, MRSK Urala Director-General Valery Rodin, MRSK Holding First Deputy Director for Corporate Governance and Shareholder Relations Maxim Saukh, Director of Yekaterinburg Electrical Grid Company Alexander Semerikov, MRSK Urala Deputy DG for Economics & Finance Yuri Shevelev, and Infrastructure Capital Investment Director Dmitri Fedorov (job titles are good as of March 2013).

The shareholders also selected the three members of the new audit team and decided on the auditor for the year.


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