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

30 December 2016

On Dec. 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 adopted the Series 001R Exchange-Traded Bond Program and Prospectus regarding exchange-traded bonds to be placed under the Series 001R Exchange-Traded Bond Program. Registration of the Exchange-Traded Bond Program (with total par value of RUB 25 billion and max-30Y maturity) allows the Company to use this debt instrument with more flexibility and ensures optimal funding conditions when the market is bond-friendly.

The Board of Directors has approved the following insurance firms as the Company’s underwriters:

Type of insurance Insurer Insurance period
Comprehensive motor insurance SOGAZ, АО 01.01.2017-31.12.2017
Private medical insurance SOGAZ, АО 01.01.2017-31.12.2019
Private accident and illness insurance SOGAZ, АО 01.01.2017-31.12.2019

 Besides, the Board of Directors has adopted the Company’s 2017 Insurance Coverage Program, Company’s 2017 Procurement Program, examined the 9M 2016 progress report with regard to non-core asset sale, revised the Company’s CEO KPI Calculation and Evaluation Methodology as well as adopted resolutions with regard to other agenda items.

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