Source - RNS
RNS Number : 6342J
Federal Grid Co of Unified Engy Sys
29 June 2017





Federal Grid Company holds Annual General Meeting of Shareholders


On 29 June 2017, Federal Grid Company of United Energy System (part of Rosseti Group of Companies) held its Annual General Meeting of shareholders (AGM) in Moscow.


The AGM approval of the revised Articles of Association of the Company, the annual report and the full-year financial statements. The Company's auditor was also approved.


The decision was taken to distribute profits based on the results of 2016 and to pay dividends for the full year in the amount of RUB 0.0142663525 per ordinary Federal Grid Company share (or equal to RUB 7.13317625 per GDR), totaling RUB 18,184,825 thousand. It was also decided to pay dividends on the basis of the results of the first quarter of 2017 in the amount of RUB 0.0011164730 per ordinary Federal Grid Company share (or equal to RUB 0.5582365 per GDR), totaling RUB 1,423,129 thousand.


RSM RUS, LLC was approved as the Company's auditor.


The matters of approving the new composition of the Company's Board of Directors and Audit Commission were not reviewed due to the absence of candidates to be elected.


Full information on decisions taken by the AGM will be disclosed by the Company.


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