OJSC Kubanenergo
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General Meeting of Shareholders

General Meeting of Shareholders is the top management body of the Company.

In accordance with the Charter of OJSC Kubanenergo, the following matters, among other things, are the responsibility of the General Meeting of Shareholders of the Company:

  • Introduction of amendments and additions to the Charter;
  • Reorganization and liquidation of the Company;
  • Increase and decrease of the Company’s authorized capital;
  • Split-up and reverse split of the Company’s shares;
  • Decision-making on placement of stocks converted into shares by the Company;
  • Election of members of the Board of Directors and Revision commission of the Company and early termination of their powers;
  • Approval of annual reports, annual accounting statements, profit distribution (including payment of dividends);
  • Decision-making on approval of major transactions and interested party transactions in the cases stipulated by Federal Law “On Joint-Stock Companies”;
  • Approval of internal documents regulating the activity of the Company bodies;
  • Decision-making on payment of remuneration and/or compensation to the members of the Board of Directors and the Revision commission of the Company;
  • Decision-making with regard to applications for delisting of shares of the Company and (or) equity securities convertible into its shares.

The General Meetings of Shareholders of OJSC Kubanenergo are prepared and held in accordance with the laws of the Russian Federation and Regulations on Procedure for Convening and Holding General Meeting of Shareholders*.

One General Meeting of Shareholders of the Company was held in 2014 (the annual meeting).

Date of the General Meeting of Shareholders

Decisions adopted by the General Meeting of Shareholders **

23.06.2014
(Minutes No. 35 of 24.06.2014)
The holders of 99.61% of total amount of placed voting shares participated in the meeting.

  • The annual report and annual financial statements for 2013 were approved.
  • Profit distribution was approved (by the results of 2013, the Company sustained loss in the amount of 2,480,136 thousand Rubles). It was decided not to pay dividends by the results of 2013.
  • The members of the Board of Directors and the Audit Commission were elected.
  • The auditor of the Company, Ernst & Young LLC, was approved.
  • The new revisions of the Company Charter and internal documents were approved, including:
    • Regulations on Procedure for Convening and Holding General Meeting of Shareholders,
    • Regulations on the Revision commission of the Company.

* Find the minutes of the General Meetings of Shareholders of OJSC Kubanenergo on the website of www.kubanenergo.ru, in section About the Company / Management / Shareholders’ General Meeting

** Find the Regulations on Procedure for Convening and Holding Meetings of the Board of Directors of OJSC Kubanenergo on the website of www.kubanenergo.ru, in section About the Company / Constituent and in-house documents