Resolutions of the Board meeting conducted on Jul. 15, 2016

19 July 2016

Ekaterinburg (Ural Federal District, Russia) – IDGC of Urals, OAO (MICEX: MRKU) reports resolutions of the Company’s Board of Directors.

On Jul. 15, 2016 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 corporate issues. 

The Board of Directors has approved Dmitry Vladimirovich Vyalkov as the Deputy General Director for Development and Sales at IDGC of Urals (OAO).
Short career summary:
Since 2009 he has been working at IDGC of Urals (Head of Investment Project Directorate, Head of Investment Directorate, Head of Prospective Development and Connection Directorate at Sverdlovenergo branch).
In 2014 he headed Connection Department at IDGC of Urals’ HQ.
Since 11.01.2016 he is Acting General Director for Development and Sales at IDGC of Urals (OAO).
Educational background: Rezh Agricultural College (Accounting), Urals State Forest Engineering University (Enterprise Economics and Management), Urals Federal University (Master Program in Management).

The Board of Directors has approved the adjusted consolidated business plan of the IDGC of Urals Group of Companies for 2016. Key parameters of the Group’s business plan for 2016 are as follows:

  2016 Forecast (RAS)*
Revenues, RUB million 74,354
Expenses, RUB million 69,731
Net income, RUB million 2,423

* total consolidated figures are aggregates from the business plans of the companies of the IDGC of Urals’ family, minus intragroup balances.

During the meeting the Board of Directors has also approved the Non-state Pension Plan for the Company’s employees for 2H 2016 and examined several reports, prepared in line with the Board’s assignments.

To view the Board minutes, please, visit Section “Board of Directors”.

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