IR Releases
On June 21, 2011 JSC "Lenenergo" held the Annual General Meeting of Shareholders during which eight issues were considered:
1. On approval of the Annual Report, the Annual Accounting Statements including the Profit and Loss Statement of the Company, and the Company’s profit distribution (including on dividend payment) and losses of the Company based on the performance results of the fiscal year 2010;2. On election of members of the Company’s Board of Directors;
3. On election of members of the Company’s Internal Audit Commission (Inspector);
4. On approval of the Company’s Auditor;
5. On approval of the Company’s Charter in the new edition;
6. On approval of the Regulations on the procedure for preparation and holding of the General Meeting of Shareholders of "Lenenergo" Open Joint-Stock Company of the Power Industry and Electrification in the new edition;
7. On approval of the Regulations on the procedure for convening and holding of the meetings of the Board of Directors of "Lenenergo" Open Joint-Stock Company of the Power Industry and Electrification in the new edition;
8. On payment of remuneration for work in the Board of Directors of the Company to the members of the Board of Directors - non-government employees in the amount prescribed by the internal documents of the Company.
Decisions of the AGMS 2011:
1. The distribution of profit and losses of JSC "Lenenergo" upon the results of the fiscal year 2010 was approved as follows:
| Indicator | RUR thousand |
| Retained profit of the reporting period | 3 805 591 |
|---|---|
| To distribute for: | |
| Reserve fund | 0,0 |
| Development | 3 425 032 |
| Payment of dividends | 380 559 |
The shareholders approved the decision to pay dividends on the Company’s preferred shares upon 2010 results in the amount of RUR 4.0804369 per one preferred share. The Company shall not pay dividends on ordinary shares.
The meeting approved the Annual Report and the Annual Accounting Statements of the Company for 2010, including the Profit and Loss Statement.
2. The Board of Directors of the Company was elected in the following membership:
| № | Name | Position (at the moment of nomination) |
| 1. | Konstantin Vladimirovich Shevchenko | Deputy Director General of LLC "Infrastructure Capital" |
|---|---|---|
| 2. | Seppo Juha Remes | Director General of LLC "Kiuru" |
| 3. | Dmitry Olegovich Akhrimenko | Deputy Head of Department of Corporate Govenance and Sfareholders Relationship of JSC "IDGC Holding" |
| 4. | Alexey Vladimirovich Demidov | Member of the Managment Board, Deputy Director General on Economics and Finance of JSC "IDGC Holding" |
| 5. | Grigory Viktorovich Dvas | Vice Governor of the Leningrad Region - Chairman of the Committee on Economic Development and Investment Activity of the Leningrad Region |
| 6. | Alexander Albertovich Popov | Deputy Director General - Head of Office of JSC "IDGC Holding" |
| 7. | Andrey Valentinovich Sorochinskiy | Director General of JSC "Lenenergo" |
| 8. | Maria Genadyevna Tikhonova | Director of Department for Economical Regulation and Property Relationship in the fuel-energy complex of the Ministry of Energy of Russia |
| 9. | Nikolay Nikolayevich Shvets | Director General of JSC "IDGC Holding" |
| 10. | Sergey Evgenyevich Yurchuk | Financial Director of JSC "IDGC Holding" |
| 11. | Mikhail Eduardovich Oseyevskiy | Vice-governor of St.-Petersburg |
| 12. | Alexey Ivanovich Sergeev | Vice-governor of St.-Petersburg |
| 13. | leg orisovich Trishkin | Charman of the Committee on Energy and Engineering Maintenance of the City Administrator of St.-Petersburg |
3. The Internal Audit Commission of the company was elected in the following membership:
| № | Name | Position (at the moment of nomination) |
| 1. | Lydmila Dmitrievna Kormushkina | Head of Division for Organization and Holding of Audit of Internal Audit Department of JSC "IDGC Holding" |
|---|---|---|
| 2. | Valentin Mikhailovich Komarov | Deputy Head Of Department for Perspective Development and Technological Connection - Head of Division of Technological Connection of JSC "IDGC Holding" |
| 3. | Igor Yuryevich Bogachev | Leading Expert of Division of Internal Audit, Revision Checks and Expertise of Department for Internfl Audit and Risk Management of JSC "IDGC Holding" |
| 4. | Izumrud Aligadzhieva Alimuradovna | Head of Internal Audit Department of JSC "IDGC Holding" |
| 5. | Vladimir Nikolayevich Arkhipov | First Deputy Head of Security Department of JSC "IDGC Holding" |
4. LLC "RSM Top-Audit" was approved the Auditor of the Company. 5. The Company's Charter was approved in the new edition.
6. The Regulations on the procedure for preparation and holding of the General Meeting of Shareholders of "Lenenergo" Open Joint-Stock Company of the Power Industry and Electrification was approved in the new edition.
7. The Regulations on the procedure for convening and holding of the meetings of the Board of Directors of "Lenenergo" Open Joint-Stock Company of the Power Industry and Electrification was approved in the new edition.
8. Upon the results of 2010 it was decided to pay to the members of the Board of Directors of the Company - non-government employees the remuneration for their work in the Board of Directors of the Company in the amount prescribed by the Regulations on payment to the members of the Board of Directors of "Lenenergo" Open Joint-Stock Company of the Power Industry and Electrification of remuneration and compensation approved by the Annual General Meeting of Shareholders of JSC "Lenenergo" on May 30, 2008 (Minutes No.1 dated 30.05.2008).
