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Meeting of the Board of Directors of OJSC Irkutskenergo is held in Moscow on April 8

 

On April 8, the Board of Directors of OJSC Irkutskenergo held a meeting in Moscow over issues related to the Company’s operations. At the meeting, the Board approved the report of the CEO and the Management Board of the Company on the implementation of the business plan for 2013. The Board also provisionally approved the documents subject to approval at the Annual General Meeting of Shareholders of OJSC Irkutskenergo: the annual report for 2013 and the annual financial statements for 2013.

Following a competition aimed at selecting an audit firm for conducting the statutory audit of OJSC Irkutskenergo’s annual financial statements for 2014 prepared in accordance with Russian Accounting Standards, the Board of Directors recommended including LLC Intercom-Audit in the ballot for voting at the Annual General Meeting of Shareholders of OJSC Irkutskenergo. Following a closed invitation to tender for the contract for providing services related to auditing OJSC Irkutskenergo’s consolidated IFRS financial statements for 2014, the Board recommended including CJSC KPMG in the ballot for voting at the Annual General Meeting of Shareholders of OJSC Irkutskenergo.

The Board of Directors decided to include the following items in the agenda of the Annual General Meeting of Shareholders of OJSC Irkutskenergo: "Approval of a new version of the Charter of OJSC Irkutskenergo", "Approval of a new version of the Regulations on the General Meeting of Shareholders of OJSC Irkutskenergo" and "Approval of a new version of the Regulations on the Board of Directors of OJSC Irkutskenergo".

Besides, the Board of Directors decided to include the following items in the agenda of the Annual General Meeting of Shareholders of OJSC Irkutskenergo: "Approval of related non-arm's length transactions with Gazprombank (Open Joint-Stock Company): credit agreements No. 3513-080-KLZ, No. 3513-081-KLZ and No. 3513-082-KLZ dated December 27, 2013 on providing a line of credit" and "Approval of a non-arm's length transaction with Gazprombank (Open Joint-Stock Company): credit agreement No. 3514-011-KLZ dated January 31, 2014 on providing a line of credit"; the Board also suggested that the Annual General Meeting of Shareholders should approve credit agreements to be concluded between OJSC Irkutskenergo and Gazprombank (Open Joint-Stock Company) with a credit limit totaling RUB 9.75 bln.

The Board of Directors approved the agenda of the Annual General Meeting of Shareholders of OJSC Irkutskenergo including the following items:

• Approval of the annual report of OJSC Irkutskenergo.

• Approval of the annual financial statements of OJSC Irkutskenergo.

• Approval of profit distribution of OJSC Irkutskenergo for 2013.

• The amount, dates and form of the dividend payment for 2013.

• Election of members of the Board of Directors of OJSC Irkutskenergo.

• Election of members of the Audit Commission of OJSC Irkutskenergo.

• Approval of the auditor of OJSC Irkutskenergo for conducting the audit of financial statements prepared in accordance with Russian Accounting Standards.

• Approval of the auditor of OJSC Irkutskenergo for conducting the audit of consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS).

• Approval of a new version of the Charter of OJSC Irkutskenergo.

• Approval of a new version of the Regulations on the General Meeting of Shareholders of OJSC Irkutskenergo.

• Approval of a new version of the Regulations on the Board of Directors of OJSC Irkutskenergo.

• Approval of related non-arm's length transactions with Gazprombank (Open Joint-Stock Company): credit agreements No. 3513-080-KLZ, No. 3513-081-KLZ and No. 3513-082-KLZ dated December 27, 2013 on providing a line of credit.

• Approval of a non-arm's length transaction with Gazprombank (Open Joint-Stock Company): credit agreement No. 3514-011-KLZ dated January 31, 2014 on providing a line of credit.

The Board of Directors decided to convene the Annual General Meeting of Shareholders of OJSC Irkutskenergo in the form of meeting (joint presence of the shareholders) in the Baikal Business Center, at 279 Baikalskaya Street, Irkutsk, on June 6, 2014. The list of persons entitled to take part in the Annual General Meeting of Shareholders of OJSC Irkutskenergo is to be compiled on April 21, 2014.

Press service of OJSC Irkutskenergo

April 09, 2014
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