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24 April 2018, the Board of Directors of IDGC of Centre, PJSC (hereinafter referred to as the Company) discussed issues related to the organization and conduct of the Annual General Meeting of Shareholders (hereinafter referred to as the AGM) following the results of 2017: the date, venue and time were determined, the agenda was approved, the annual accounting statements and annual report were reviewed and preliminarily approved. The Board of Directors also gave recommendations on the profit distribution, including on the amount of dividends on the Company’s shares for 2017 and considered drafts of internal documents in a new edition.
Based on the results of the meeting, the Company’s Board of Directors decided to convene the AGM on 31 May 2018, which will be held in the conference centre of the hotel complex Holiday Inn Vinogradovo in Moscow, (Dmitrovskoe shosse, 171). Registration of participants of the meeting starts at 9:00 a.m. The record date of the list of persons entitled to participate in the AGM of the Company was determined as 7 May 2018.
The Board of Directors also recommended that the General Meeting of Shareholders should approve the following profit distribution of the Company following the results of the reporting year of 2017: 1 152 361 thousand rubles or 56,7 % of undistributed earnings of the reporting period to allocate for development, 879 028 thousand rubles or 43,3 % to pay dividends on ordinary shares of the Company, which will be 0,0208212 RUB per 1 share. The dividend payment period to a nominal holder and a beneficial owner being a professional securities market participant is recommended no more than 10 working days, to other registered shareholders in the register - 25 working days from the record date of the list of persons entitled to receive dividends. The record date of the list of persons entitled to receive dividends was determined as 13 June 2018.
In addition, the Board of Directors proposed to the General Meeting of Shareholders for approval the drafts of the Articles of Association, the Regulation on the Board of Directors, the Regulation on the Management Board and the Regulation on the payment of remuneration and compensation to members of the Audit Commission of the Company as revised.
Important innovations this year, which were provided by the Company and approved by the Board of Directors, were the opportunity for shareholders to participate in voting at the AGM by filling out the electronic form of the bulletin, as well as the work of the forum on issues of the AGM agenda on the Company’s website.
The materials of the AGM will be available on the website.