Results of the Annual General Meeting of Shareholders of RusHydro
October 2, 2020. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces the results of the Annual General Meeting of shareholders (AGM) held in absentia on September 30, 2020 in Moscow.
- AGM approved dividend in the amount of RUB 0,03568039 per share or RUB 15.7 billion in total (average of dividends paid over the previous 3 years);
- AGM elected 13 members to the Board of Directors;
- AGM elected 5 members to the Company’s Audit Commission;
- AGM approved amendments to the Articles of Association and other internal documents.
The AGM reviewed the agenda consisting of 14 items and approved the Company’s 2019 Annual Report including the report on sustainable development, dividend distribution for 2019, annual accounting (financial) statements and elected members to the Board of Directors and to the Company’s Audit Committee.
The AGM approved the following distribution of profit for 2019 (in RUB mn):
The AGM resolved to pay dividends in the amount of RUB 0,03568039 per share (average of dividends paid over the previous three years in accordance with the new dividend policy) and recommended dividend record date – October 10, 2020.
The AGM elected 13 members to the Board of Directors:
The AGM elected the following candidates to the Company's Auditing committee:
The AGM resolved to pay remuneration to the members of the Board of Directors based on their performance for the period of June 28, 2019 – September 30, 2020 in the amount and under the procedure set in the Regulations on remuneration to members of the Board of Directors of RusHydro.
The AGM approved CJSC PriceWaterhouseCoopers as its auditor. PriceWaterhouseCoopers is one of the top four audit/consulting companies in Russia and worldwide. It has won the competitive tender to audit PJSC RusHydro in 2018-2020.
In order to comply with the legislation requirements and implementation of leading corporate practices, the AGM approved new editions of the following internal regulations of PJSC RusHydro:
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