Resolutions of the Board meeting conducted on Sep. 28, 2016

03 October 2016

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

On Sep. 28, 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 examined and adopted the 1H 2016 report with regard to completion of the Company’s business plan, covering investment program and key operating risks. Key parameters of the report are presented in the figure below:

  1H 2016
Revenues, RUB mn 31,118
Expenses (incl. adm. expenses), RUB mn 29,363
Net profit, RUB mn 1,216

The Board of Directors has also scrutinized and adopted the Amended and Restated Regulations on the Corporate Secretary of IDGC of Urals (OAO), prepared with in line with the Corporate Governance Code and Listing Rules of SE MICEX). For detailed review, please, visit the web-site of the Company (Incorporating Documents and Bylaws).

The Board of Directors has examined the 2Q 2016 progress report, prepared by the Executive Board, the report with regard to compliance with the procedure for commissioning of facilities, completed in 2015, the 6M 2016 progress report with regard to undertakings from the approved Energy Service Projects List as well as adopted resolutions with regard to other issues.

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

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