Resolutions of the Board meeting conducted Sep.05 and 08, 2017

11 September 2017

On Sep. 05 and 08, 2017 the Board of Directors has conducted two Board meetings. In the course of the meetings directors have scrutinized and decided on the range of administrative and corporate issues. 

During the Sept.05 meeting the Board of Directors has scrutinized and adopted the Company's 1H 2017 report regarding business plan completion. Key parameters of the report are presented in the figure below:

Indicator 1H 2017
Revenues, RUB million, incl. 34,859.1
Electricity transmission, RUB million 34,357.9
Connection, RUB million 332.2
Expenses, RUB million 31,030.9
Administrative expenses, RUB million 535.8
Net income, RUB million 3,012.5

During the Sept.08 meeting the Board of Directors has scrutinized the Company’s 2017-2026 Grid Upgrade (Revamp) Blueprint, designed to prepare a range of activities to replace obsolete fixed assets with modern ones and enhance their performance.

Besides, during the meetings the Board of Directors has adopted business plan completion reports of several affiliates as well as decided on other agenda items.

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