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On April 22, 2015, the Board of Directors of OJSC Irkutskenergo held a meeting in Moscow over issues related to the Company’s operations

 

On April 22, 2015, the Board of Directors of OJSC Irkutskenergo held a meeting in Moscow over issues related to the Company’s operations. The Board of Directors resolved to include LLC Intercom-Audit in the ballot for voting at the Annual General Meeting of Shareholders of OJSC Irkutskenergo on the item "Approval of the auditor of OJSC Irkutskenergo for conducting the audit of financial statements prepared in accordance with Russian Accounting Standards" and to include JSC KPMG in the ballot for voting on the item "Approval of the auditor of OJSC Irkutskenergo for conducting the audit of consolidated financial statements prepared in accordance with International Financial Reporting Standards".

In addition, the Board of Directors recommended the Annual General Meeting of Shareholders of OJSC Irkutskenergo to make the following decisions:

- To allocate the profit earned by OJSC Irkutskenergo in 2014 totaling RUB 10,059,287 thousand for the following purposes: no more than RUB 9,107,287 thousand for dividend payments on the shares of OJSC Irkutskenergo; no more than RUB 450,000 thousand for investing activities (core operations); no more than RUB 502,000 thousand for social and charitable projects;

- To pay cash dividends for 2014 on ordinary shares of OJSC Irkutskenergo totaling no more than RUB 2.10 per share out of retained earnings for the past years; to set the record date at June 11, 2015 and to pay dividends to nominees and fiduciaries that are stock market professionals registered on the shareholder register no later than June 25, 2015 and to other shareholders of record no later than July 16, 2015.

Press service of OJSC Irkutskenergo

OJSC Irkutskenergo is Russia’s largest power and coal company comprising thermal power plants and hydropower plants, heating networks, open-pit coal mines, haulers, a repair facility and a coal processing plant. The installed capacity of the Company’s power plants totals 12.9 GW, with the capacity of the HPPs exceeding 9 GW. The total output of the coal mines (brown and black coal) amounts to 18.4 mln tons per year. The principal shareholders of OJSC Irkutskenergo are OJSC EuroSibEnergo, Russia’s largest private power company (forming part of En+ Group), which owns a 50.19% stake in OJSC Irkutskenergo, and OJSC Inter RAO holding a 40.007% stake.

April 27, 2015
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