Minutes of 07.05.2009 №76

MINUTES No. 76

OF THE BOARD OF DIRECTORS MEETING

 

Date and time of the Board of Directors meeting

(date and time of vote counting):                                      May 7, 2009, 6:00 p.m.

                                                                                     (Moscow time)

Minutes Dated:                                                               May 8, 2009

Site of vote counting:                                                       Mosсow, Arkhitektora Vlasova Str., 51

Number of elected members of the Board of Directors        13

Members of the Board of Directors present at meeting:      S. I. Shmatko

                                                                                  A. B. Ballo

                                                                                  S. S. Beloborodov

                                                                                  B. F. Vainzikher

                                                                                  V. I. Danilov-Danilyan

                                                                                  V. A. Zubakin

                                                                                  S. V. Maslov

                                                                                  V. V. Tatsy

                                                                                  R. Z. Khamitov

                                                                                  A. V. Sharonov


In compliance with the Federal Law on Joint-Stock Companies and the company's Articles of Association the quorum for conducting the Board of Directors Meeting is present.

 

AGENDA OF THE BOARD OF DIRECTORS MEETING:

 

1. Approval of the agenda of the annual General Shareholders' Meeting.

2. Recommendations on the amount of dividend on shares of company and the order of their repayment based on the results of 2008.

3. Issues related to the calling and preparation for holding the Annual General Shareholders' Meeting.


RESULTS OF VOTING ON AGENDA:

 

Matter 1: Approval of the agenda of the annual General Shareholders' Meeting.


Decision:

Determine the following agenda of the Annual General Shareholders' Meeting according to the results of 2008:

1)  Approval of annual report, annual accounting report including the company's loss and profit report as well as the profit and loss distribution (including dividend payouts) report based on results of 2008 financial year;

2)  Approval of the company's auditor;

3)  Payment of remuneration and compensation to the members of the company's Board of Directors;

4)  Increase of the authorised capital of the company;

5)  Election of members of the Board of Directors of the company;

6)  Election of members of the Audit Commission of the company.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, B. F. Vainzikher, V. I. Danilov-Danilyan, V. A. Zubakin, S. V. Maslov, V. V. Tatsy, R. Z. Khamitov, А. V. Sharonov).

"Against" - 0.

"Abstained" - 0.

Decision made.


Matter 2: Recommendations on the amount of dividend on shares of company and the order of their repayment based on the results of 2008.

 

Decision:

To recommend that the Annual General Shareholder's Meeting decides the issue of dividends' payment based on the results of 2008:

Dividends on ordinary shares of the company shall not be paid based on the results of 2008.


Voting results:

"For" - 9 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, V. I. Danilov-Danilyan, V. A. Zubakin, S. V. Maslov, V. V. Tatsy, R. Z. Khamitov, А. V. Sharonov).

"Against" - 1 (B. F. Vainzikher).

"Abstained" - 0.

Decision made.

 

Matter 3: Issues related to the calling and preparation for holding the annual General Shareholders' Meeting


Decision:

1.   Approve the form and text of the announcement regarding running of the annual General Shareholders' Meeting of the company (Appendix 1).

2.   Approve the form and the text of voting ballots at the annual General Shareholders' Meeting (Appendix 2).

 

Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, B. F. Vainzikher, V. I. Danilov-Danilyan, V. A. Zubakin, S. V. Maslov, V. V. Tatsy, R. Z. Khamitov, А. V. Sharonov).

"Against" - 0.

"Abstained" - 0.

Decision made.


Questionnaires of the members of the Board of Directors are attached.





Chairman of the Board of Directors                                   S. I. Shmatko


Secretary of the Board of Directors                                   M. M. Davydov

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