Resolutions of the Board meeting conducted on Jul. 27, 2016

01 August 2016

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

On Jul. 27, 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. 

In furtherance of the previous Board resolutions, regarding centralization and automation of treasury functions, and in line with the related action plan the Board of Directors has decided to adopt a service contract with regard to treasury function arrangement between Rosseti (PAO) and IDGC of Urals (OAO).
In the course of the meeting the Board has also decided to revoke the Company’s Cash Flow Management Regulations as well as to take note of the General Director’s report with regard to AGSM-related expenses.

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

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