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The Annual General Meeting of Shareholders of OJSC Irkutskenergo is held in Irkutsk on June 1, 2015

 

On June 1, 2015, the Annual General Meeting of Shareholders of OJSC Irkutskenergo was held in Irkutsk. The attendance of shareholders amounted to 95.67%. The shareholders adopted the following resolutions:

• To approve the annual report and the annual financial statements for 2014. In 2014, electricity output totaled 53.9 TWh, including 43.2 TWh generated by HPPs and 10.7 TWh generated by TPPs; to compare, in 2013, electricity output totaled 55.4 TWh, including 42.4 TWh generated by HPPs and 12.93 TWh generated by TPPs. Installed capacity of HPPs remained flat year on year at 9,002.4 MW, while installed capacity of TPPs increased by 1.8% to 3,979.3 MW. In 2014, the Company's net profit under RAS increased to RUB 10.06 bln (+4% year on year). Revenue of OJSC Irkutskenergo edged down to RUB 61.35 bln (-2% year on year). EBITDA for 2014 totaled RUB 17.376 bln (+9% year on year). In the reporting year, the Company earned net profit totaling RUB 10.059 bln (+4%), with profit margin amounting to 16.4% (as against 15.5% in 2013). In 2014, the actual amount of funds used for investment totaled RUB 4.641 bln (as against RUB 4.975 bln in 2013).

• To allocate the profit earned by OJSC Irkutskenergo in 2014 totaling RUB 10.059 bln for the following purposes:

dividend payments: RUB 2.526 bln; investing activities (core operations): RUB 450 mln; social and charitable projects: RUB 502 mln.

• To pay cash dividends for 2014 on ordinary shares of OJSC Irkutskenergo totaling RUB 0.53 per share.

• To elect the following persons to the Board of Directors of OJSC Irkutskenergo:

  1. Timur Valiev, General Counsel of LLC En+ Management;
  1. Oleg Kolesnik, Head of Division of LLC En+ Management;
  1. Igor Lerner, Chief Auditor of LLC En+ Management;
  1. Andrey Likhachev, CEO of LLC Planet-ZIL;
  1. Evgeny Miroshnichenko, Director of Strategic Development of the Strategy and Investment Unit of OJSC Inter RAO;
  1. Ilnar Mirsiyapov, member of the Management Board, Head of the Strategy and Investment Unit of OJSC Inter RAO;
  1. Pavel Okley, member of the Management Board, Head of the Operations Unit of OJSC Inter RAO;
  1. Dmitry Palunin, member of the Management Board, CFO of OJSC Inter RAO;
  1. Alexander Pakhomov, member of the Management Board, Head of the Legal Affairs Unit of OJSC Inter RAO;
  1. Evgeny Tikhonov, Development Director of OJSC EuroSibEnergo;
  1. Andrey Yaschenko, CFO of LLC En+ Management.

• To elect the following persons to the Audit Commission of OJSC Irkutskenergo:

  1. Elvira Alexandrova, Head of the Division of Accounting and Reporting on Production and Commercial Operations of the Financial and Tax Accounting and Reporting Department of the Moscow office of LLC Accounting and Service Center of EuroSibEnergo;
  1. Olga Kalashnikova, Deputy Director of the Irkutsk branch of LLC Accounting and Service Center of EuroSibEnergo;
  1. Yulia Rafeeva, Deputy CFO, Financial Controller of OJSC EuroSibEnergo;
  1. Elena Talalykina, Chief Accountant of OJSC EuroSibEnergo;
  1. Vladimir Uvarov, Head of the Corporate Reporting Division of the Finance Department of OJSC EuroSibEnergo.

• To approve LLC Intercom-Audit as the auditor for conducting the audit of financial statements of OJSC Irkutskenergo for 2015 prepared in accordance with Russian Accounting Standards;

• To approve CJSC KPMG as the auditor for conducting the audit of consolidated financial statements of OJSC Irkutskenergo for 2015 prepared in accordance with International Financial Reporting Standards;

• To approve a new version of the Charter of Public Joint-Stock Company Irkutskenergo*.

*The new version of the Charter is to be adopted due to changes in the form of incorporation. On September 1, 2014, certain amendments to the rules for establishment, operations and liquidation of legal entities came into force; they had been introduced into the Civil Code under Federal Law No. 99-FZ dated May 5, 2014 On Amending Chapter 4 of Part 1 of the Civil Code of the Russian Federation and on Recognizing Some Provisions of Russian Legislative Acts to be Void.

Press service of OJSC Irkutskenergo

June 01, 2015
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