русский

Mostotrest Annual General Shareholders' Meeting Results

29/06/17  

On 29 June 2017, PJSC Mostotrest (hereinafter - Mostotrest, the Company or the Group) held its Annual General Shareholders' Meeting (AGSM) in Moscow.

The meeting adopted a decision on the profit distribution, dividend payment, elected the Board of Directors and the Audit Committee of the Company, and approved auditors in accordance with Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS).

On Profit Distribution and Payment of Dividends for 2016

AGSM approved 2016 profit distribution in the amount of RUB3,551,789.0 thousand.

In accordance with the corporate dividend policy, dividends are calculated based on the Mostotrest Group financial statements under IFRS. The Group’s net profit including PJSC Mostotrest and its subsidiaries was RUB5.0 billion, up 18% year-on-year. On the recommendation of the Board of Directors, the AGSM decided to allocate RUB3.0 billion to dividends. The total dividend amount of dividend payments for 2016 will be RUB3,002,772.9 thousand, or RUB10.64 per one ordinary share of the Company. The dividend record date will be 18 July 2017.

On Election of the Board

The AGSM elected the Board of Directors of PJSC Mostotrest, consisting of 11 members: Gennady Bogatyrev, Leonid Dobrovsky, Valery Dorgan, Maria Karelina, Andrey Konnykh, Vladimir Kotylevsky, Vladimir Monastyrev, Vyacheslav Prikhodko, Valentin Silyanov, Oleg Tanana, and Vladimir Vlasov.

On Approval of the Auditors and the Audit Committee of the Company

The AGSM approved KPMG as the auditors of financial statements of the Company under RAS and IFRS.

The shareholders' meeting elected the Audit Committee of the Company, consisting of four members: Tatyana Belyaevskova, Angelina Korotkova, Julia Kryuchkova and Valeriya Provotorova.

For Reference

PJSC Mostotrest is the largest diversified company in the field of infrastructure construction, with a presence across all key and related market segments, and a participant in pioneering public-private partnership projects in Russia. According to the EMBS Group, an independent industry consultancy, Mostotrest 2016 share of the Russian transport infrastructure construction market was 14.6%.

The Mostotrest Group key business segments include construction and reconstruction of bridges (including road, railway and city bridges), highways and other transport infrastructure, as well as road repair and maintenance services. In 2012, the Group diversified into a new business segment of road concession management.

The Company was established in 1930 for the construction of special and extra-large bridges.

Currently, Mostotrest is involved in a number of complex integrated transport infrastructure development projects, such as construction of several segments of the M-11 “Moscow – St. Petersburg” Highway, construction and reconstruction of segments of the M-4 УDonФ Highway, and construction of the Kerch Strait Bridge.

More information about Mostotrest is available at www.mostotrest.ru