Moscow, June 4th, 2018 – The Annual General Shareholders’ Meeting of PJSC Enel Russia was held in Moscow today, and was attended by shareholders holding in aggregate 87,48 percent of the total voting stocks. The list of persons eligible to participate in the meeting was drawn up as of May 10th, 2018. Among the main issues on the agenda were the approval of the company’s annual report and annual financial statements for 2017, the approval of the distribution of profit (including the payment of dividends) and of the losses of PJSC Enel Russia on the results of 2017 financial year and the election of its new Board of Directors and Internal Audit Commission.
– Carlo Palasciano Villamagna, General Director of PJSC Enel Russia
The Annual General Shareholders’ Meeting approved the annual report and the annual financial statements of the company for 2017. Acting on a proposal by the Board of Directors, the Shareholders’ Meeting approved the distribution of dividends totalling around 5.1 billion RUR or 0.14493 RUR/share, with that amount corresponding to 60% of the company’s IFRS net ordinary income for 2017. The Assembly set June 22nd, 2018 as the Dividend Record Date. PJSC Enel Russia’s Shareholders’ Meeting elected a new Board of Directors composed of 11 members:
The General Shareholders Meeting also elected the company’s Internal Audit Commission and appointed Limited Liability Company Ernst & Young as PJSC Enel Russia’s auditor. The Annual General Shareholders’ Meeting approved an amended version of the company’s Charter and the procedure for convening and holding meetings of the Board of Directors. During the Meeting, a new version of the Regulation on payment of remuneration and compensations to the company’s Board of Directors members has been approved. Besides these topics, Shareholders discussed the implementation of two existing wind projects in Murmansk and Rostov regions. Enel Russia was awarded the right to implement these projects a year ago, following the results of the Russian government tender for the construction of renewable capacity in the country. The Annual General Shareholders’ Meeting approved the transfer of capacity supply agreements from PJSC Enel Russia to its subsidiaries, LLC Enel Rus Wind Kola and LLC Enel Rus Wind Azov that will be responsible for the wind projects implementation. The issue of independent guarantee and the conclusion of Suretyship agreement for these companies, as well as the loan agreement between PJSC Enel Russia and LLC Enel Rus Wind Kola received all necessary approvals. The abovementioned actions represent the standard business practice and are requested for the further implementation of the projects.
