Resolutions adopted by the Board of Directors

30 December 2015

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

On 28 December 2015 the Board of Directors has conducted an in-absentia Board meeting. In the course of the meeting directors have scrutinized and decided on the range of issues. 

Approval of the Company’s business plan for 2016
The Board has approved the Company’s 2016 business plan (covering investment program and key operating risks). The key highlights are as follows:

 

2016

Revenues, RUB mn, incl.

63,972

Energy transmission

62,230

Connection

1,350

Expenses, RUB mn (incl. Administrative expenses)

61,190

Net income, RUB mn

1,602

Approval of the Company’s bylaws
The Board has approved the Uniform Procurement Standard, Regulations on Uniform Communications Policy, Regulations on the Examination and Reconciliation of Disputes and Conflicts of Interest in the Rosseti’s Group as well as Regulations on Enhanced Performance Efficiency and Expense Reduction.

The Board has also approved the Company’s 2016 Insurance Coverage and 1Q 2016 cash flow targets. The Board has reviewed the 9M 2015 progress report prepared by the Executive Board and 3Q 2015 progress report on non-core asset sale.

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

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