The Board of Director of IDGC of the North-West has recommended that the annual General Meeting of Shareholders pay no dividend on ordinary shares for 2011, all the profit having been earned from technological connection and has a targeted purpose represented by investment activities.
The Annual General Meeting of Shareholders of IDGC of the North-West, JSC will take place in the form of joint attendance in Saint Petersburg on June 21, 2012. The Board of Directors of the company determined the arrangement date, time and location and the agenda of the annual General Meeting of Shareholders at their session on May 10.
Particularly included in the agenda are issues of approval of 2011 annual report and accounting statements, election of newly composed Board of Directors and Auditing Commission and approval of Auditor for 2012.
One also plans to approve of restated Regulations on the Procedure of Convention and Arrangement of Sessions of the Board of Directors of IDGC of the North-West, JSC. Among other things, the document envisages arrangement of sessions of the board of Directors of the company by way of video conferences.
One proposes to allocate profit in an amount of 407,651 thousand RUR for development (387,268 thousand RUR) and to the reserve fund (20,383 thousand RUR). The Board of Director of IDGC of the North-West has recommended that the annual General Meeting of Shareholders pay no dividend on ordinary shares for 2011, all the profit having been earned from technological connection and has a targeted purpose represented by investment activities.
The list of persons having the right to participate in the annual General Meeting of Shareholders of IDGC of the North-West, JSC will be generated as of May 14, 2012.