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

01 December 2016

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

On Nov. 28, 2016 the Board of Directors has conducted an in-presentia/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 the Company’s action plan regarding overdue receivables reduction and reconciliation as of 01.10.2016. After debates the Board has decided to refine the document by incorporating the comments made during debates and file it with the Board for adoption in the nearest time.

During the meeting the Board of Directors has also taken note of the progress report regarding remedial and preventive actions against violations and weaknesses revealed by the Company’s Board of Internal Auditors and 3Q 2016 insurance coverage report.

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

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