RusHydro’s AGM Decided to Pay RUB23.3 Billion Dividends
On June 30, 2022, the Annual General Meeting of Shareholders of RusHydro (AGM) was held in the form of absentee voting, which was attended by about 2.5 thousand shareholders of the Company.
At the AGM, the agenda of 13 issues was considered, including the approval of the Annual Report, Annual Accounting (Financial) Statements, dividends of RusHydro for 2021, etc.
The Annual Report is prepared in an integrated format and includes information on the results of RusHydro's activities and a report on corporate and social responsibility and sustainable development.
The Shareholders approved the following distribution of the Company's profit based on the results of 2021:
The Shareholders decided to allocate 23.3 billion rubles for dividends and pay dividends in the amount of 0.05304937 rubles per share. The recommended amount of dividends is calculated at the level of the previous year, when the highest dividends in the history of the Company were paid to the Shareholders. July 10, 2022 is set as the date on which the persons entitled to receive dividends are determined.
At the AGM, Technologies of Trust – Audit JSC (the former name is PricewaterhouseCoopers Audit JSC) was approved as the auditor of RusHydro. The company was recognized as the winner as a result of a tender.
At the AGM, an increase in the Company's share capital was approved by placing 10 billion additional ordinary shares with a nominal value of one ruble on a closed subscription in favor of the Russian Federation. The change in the size of the share capital is insignificant and will not exceed 2.3% of the current size.
In the course of the additional issue, it is planned to transfer a 100% package of ordinary shares of DVEUK-Generatsiyaseti JSC to RusHydro. The transfer of the federal-owned shares of DVEUK-Generatsiyaseti JSC to the balance sheet of RusHydro is provided for by the Decree of the President of the Russian Federation dated 19.07.2021 and the Directive of the Government of the Russian Federation dated 07.08.2021.
At the AGM, it was decided to pay remuneration to the members of the Board of Directors and the Internal Audit Commission of RusHydro based on the results of work in the period from June 30, 2021 to June 30, 2022 in the amount, in the manner and within the timeframe determined by the provisions on payment of remuneration and compensation to the relevant bodies of the Company.
New revisions of the Articles of Association and the regulations on the procedure for convening and holding the General Meeting of Shareholders were approved at AGM.