Resolutions adopted by the Board of Directors

11 December 2015

Ekaterinburg (Ural Federal District, Russia) – IDGC of Urals, OAO (MICEX: MRKU) reports on Board resolutions.

On 09 December 2015 the Board of Directors has conducted 2 Board meetings (1 in-absentia and 1 in-absentia/in-presentia). In the course of the meetings directors have scrutinized and decided on the range of issues. 

Determination of Company’s position with regard to SACs’ Board agenda issues
The Board of Directors has entrusted the Company’s representatives to vote “FOR” while adopting resolutions with regard to the approval of 9M 2015 BP completion reports (EESK, EES, ESCU), 3Q 2015 target KPI’s results (EESK, EES) and adjusted business plans and target KPIs for 2015 (EESK, EES).

Approval of 9M 2015 report on business plan completion
The Board has approved 9M 2015 quarterly report on business plan completion (covering investment program and key operating risks). Key highlights of the report are as follows:

 

9М 2015

Revenues, RUB mn

43,017

Expenses, RUB mn

39,961

Including administrative expenses

693

Net profit, RUB mn

787

Approval of 2015 adjusted business plan
The Board of Directors has approved 2015 adjusted business plan covering investment program and key operating risks. Key highlights of the business plan are as follows:

 

2015 adj.

Revenues, RUB mn, incl.

60,462

Transmission fee

58,222

Connection fee

1,814

Expenses, RUB mn

56,723

Net profit, RUB mn

1,803

To view the full version of the BoD protocol, please, visit Section “Board of Directors”.

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