TMK holds Annual General Meeting of Shareholders
TMK announces that the Annual General Meeting of Shareholders (AGM) was held in Yekaterinburg, Russia, on June 20, 2019.
The AGM took the decision not to distribute profits for the full year 2018 in the form of dividends. However, at the Board of Directors meeting held on May 24, 2019, the decision was taken to convene an Extraordinary General Meeting of Shareholders (EGM) on June 28, 2019 and recommend the EGM to approve dividends for the first quarter of 2019 in the amount of RUB 2.55 per ordinary share (a total of RUB 2,634,495,183.30, or approximately USD 40.85 mln(1)).
The Board of Directors was elected as follows: Vende Frank-Detlef, Andrey Kaplunov, Sergey Kravchenko, Yaroslav Kuzminov, Alexander Pumpyanskiy, Dmitry Pumpyanskiy, Natalia Chervonenko, Anatoly Chubais, Alexander Shiryaev, Alexander Shokhin, and Mikhail Khodorovsky.
The AGM elected Alexander Valeyev, Sergey Sidnev and Nina Pozdnyakova to the Revision Committee.
Ernst & Young was appointed as the Company’s auditor.
(1) As of May 24, 2019, the Russian Central Bank exchange rate was at 64.4913 RUB/USD.