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

17 August 2016

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

On Aug. 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. 

Thus, in the course of the meeting the Board of Directors has examined the withdrawal of IDGC of Urals (OAO) from T Plus (PAO). The T Plus annual general meeting of stockholders, conducted on 30.06.2016, has agreed to delist firm’s shares. In this case the law enforces stockholders to file a fixed price buyback claim with T Plus (PAO).

In the course of the meeting the Board of Directors has approved the following insurance company as a Company’s underwriter:

Type of insurance Insurer Period of insurance
Insurance of civil liability to cover possible damages from poor site investigations that may impact the security of capital construction facilities VSK (SAO) 01.08.2016 - 31.07.2017

 The Board of Directors has also fixed the fee of the Company’s auditor, adopted collaboration bylaws between IDGC of Urals (OAO) and ODU of Urals Branch of SO UES (OAO), examined the 2Q 2016 insurance coverage report and 1H 2016 report regarding completion of the Enhanced Efficiency and Improved Performance action plan, as well as adopted resolutions with regard to other agenda issues.

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

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