On May 23, 2019 OAO IDGC of Urals (a part of PAO Rosseti family) conducted its Annual General Meeting of Stockholders in Yekaterinburg. The meeting was chaired by PAO Rosseti’s Chief Advisor and Chair of the IDGC of Urals’ Board of Directors Yuri Goncharov.
In the course of the meeting, the stockholders have approved FY2018 annual report and financial statements. The stockholders have also agreed to pay RUB 0.003 as dividends per one common share of the Company as of FY2018 in monetary form.
In his speech, Yuri Goncharov, the Company’s Board of Directors’ Chair, emphasized: “The Year 2018 has brought the Company a train of milestone events and new challenges. Since the beginning of the year, large-scale reshuffles broke out on the energy market of the Urals Federal District, with three providers of the last resort, operating in the Sverdlovsk and Chelyabinsk regions, losing their status in a rapid-fire succession. In a move intended to avoid payment disruption, these functions were statutorily assigned to OAO IDGC of Urals. The Company has tackled the task. Despite the burden, our team has managed to generate the RUB 797.5 million net income. By the year-end, the Company retained its position in the Russia’s Top-100 public companies by their market value”.
In his speech, Yuri Goncharov also underlined management’s efforts in implementing pilot projects under the Digital Transformation 2030 Concept, adopted by the PAO Rosseti’s Board of Directors in late 2018: “The Company implements the following pilot projects - beta-testing of LoRaWAN technology in our Permenergo branch and new blockchain-based approach regarding interaction between entities on the retail electricity market in Yekaterinburg. Besides, the Company has filed a proposal on inclusion of the project “Build-up of a CIM-based integrated information system for support of decision taking” into the second stage of PAO Rosseti’s pilot projects.
The stockholders approved the following composition of the Board of Directors:
The stockholders approved the following composition of the Board of Internal Auditors: