IR Releases

20.06.2012

On June 20, 2012 the annual General meeting of shareholders of JSC Lenenergo was held, during which six issues have been considered

On June 20, 2012 the annual General meeting of shareholders of JSC Lenenergo was held, during which six issues have been considered:

1. On approval of the annual report, annual accounting statements, including the profit and loss statement of the Company and on distribution of profits (including payment of dividends) and losses of the Company based on the outcomes of 2011 fiscal year.
2. On election of members to the Company Board of Directors.
3. On election of members to the Company Audit Commission.
4. On approval of the Company Auditor.
5. On introduction of amendments and supplements to the Company Charter.
6. On approval of the new edition of the Regulations on the Procedure for Convening and Holding Meetings of the Board of Directors of Lenenergo Open Joint-Stock Company of the Power Industry and Electrification.

Wordings of the resolutions approved by the General meeting of shareholders:

ISSUE № 1: On approval of the annual report, annual accounting statements, including the profit and loss statement of the Company and on distribution of profits (including payment of dividends) and losses of the Company based on the outcomes of 2011 fiscal year.

RESOLUTION:

1. To approve the annual report of the Company for 2011, the annual accounting statements for 2011, including the profit and loss statement of the Company.
2. To approve the following distribution of profits of the Company for 2011 fiscal year:

(RUB thousand)
Undistributed profits (losses) in the reporting period: 1,417,420
Distribute to:
Reserve fund 0
Profit for development 1,275,678
Dividends 141,742
Payment of losses incurred in the past years 0

3. Not to pay dividends on the ordinary shares of the Company based on the outcomes of 2011 fiscal year.
4. To pay dividends on the preferred shares of the Company based on the outcomes of 2011 fiscal year in the amount of RUB 1.5197884 per one preferred share of the Company in cash within 60 days upon deciding on payment of the dividends.

ISSUE № 2: On election of members to the Company Board of Directors.

RESOLUTION:

To elect the following persons to the Company Board of Directors:

# Full Name of the Candidate Position of the Candidate (at the time of nomination)
1. Dmitry Sergeevich Fedorov Director of Investments Department of Infrastructure Capital Limited Liability Company
2. Remes Seppo Juha Director General of Kiuru Limited Liability Company
3. Dmitry Olegovich Akhrimenko Deputy Head of Department for Corporate Governance and Investor Relations, JSC IDGC Holding
4. Sergey Evgenyevich Yurchuk Financial Director, JSC IDGC Holding
5. Alexey Vladimirovich Demidov Member of the Management Board, Deputy Director Executive for Economics and Finance of JSC IDGC Holding
6. Dmitry Leonidovich Pankov Director for Strategy, Development and Innovations, JSC IDGC Holding
7. Alexander Albertovich Popov Deputy Director General - Head of the Apparatus, JSC IDGC Holding
8. Andrey Valentinovich Sorochinskiy Director General of JSC Lenenergo
9. Maria Gennadyevna Tikhonova Director of Department for Economical Regulation and Property Relations in the Fuel-Energy Complex, Ministry of Energy of Russia
10. Nikolay Nikolayevich Shvets Chairman of the Management Board, Director General, JSC IDGC Holding
11. Andrey Andreevich Sizov Deputy Chairman of the Committee on Energy and Engineering Support of St. Petersburg Government
12. Evgeniya Evgenyevna Rozova Deputy Chairman of the Committee on Energy and Engineering Support of St. Petersburg Government
13. Ivan Aleksandrovich Boltenkov First Deputy Chairman of the Committee on Tariffs of St. Petersburg

ISSUE № 3: On election of members to the Company Audit Commission.

RESOLUTION:

To elect the following persons to the Company’s Audit Commission:

# Full Name and Position of the Candidate (at the time of nomination)
1. Maksim Nikolayevich Danilov - Head of Department for Internal Audit, CJSC IES
2. Vladislav Vilogrovich Kozelskiy - Head of Division of the City Property Management Committee of the Government of St. Petersburg
3. Izumrud Aligadzhievna Alimuradova - Director for Internal Audit and Risk Management (Head of the Internal Audit and Risk Management Department), JSC IDGC Holding
4. Vladimir Nikolayevich Arkhipov - Head of Security Department, JSC IDGC Holding
5. Ludmila Dmitrievna Kormushkina - Head of Division for Internal Audit, Auditing Checks and Expertise of Department of Internal Audit and Risk Management, JSC IDGC Holding

ISSUE № 4: On approval of the Company Auditor.

RESOLUTION:

To approve CJSC KPMG as the Company Auditor.

ISSUE № 5: On introduction of amendments and supplements to the Company Charter.

RESOLUTION:

TO approve the amendments and supplements to the Company Charter.

ISSUE № 6: On approval of the new edition of the Regulations on the Procedure for Convening and Holding Meetings of the Board of Directors of Lenenergo Open Joint-Stock Company of the Power Industry and Electrification.

RESOLUTION:

To approve the new edition of the Regulations on the Procedure for Convening and Holding Meetings of the Board of Directors of Lenenergo Open Joint-Stock Company of the Power Industry and Electrification.