The Board of Directors of Inter RAO convened the Annual General Meeting of Shareholders in the form of absentee voting and determined its date, as well as the deadline for accepting ballots, as May 25, 2021. The date of compiling the list of persons entitled to take part in the Meeting was also determined – April 30, 2021.
The Meeting agenda approved by the Board of Directors consists of 9 items, including those subject to mandatory annual review according to the legislation. Management reports on the issues will be held in the video broadcast mode on May 21, 2021, at 10:00 Moscow time, and will be available through the electronic services of VTB Registrar (shareholder's personal account in Quorum mobile app) and National Settlement Depository (e-voting service at e-vote.ru). At the end of the reports, a session of responses to written questions from shareholders will be held within the framework of the event's rules of procedure.
Shareholders will be able to participate in the meeting in any convenient way – by sending ballots via regular mail (either to the Registrar or directly to the Company), in shareholder's personal account in VTB Registrar or Quorum mobile app, or by using the electronic service of National Settlement Depository, which can be accessed on the Public Services Portal (in this case, the shareholder must have a confirmed account).
The Board of Directors also gave recommendations to the Meeting of Shareholders on the agenda items. In particular, in terms of the distribution of profit and losses following the results of 2020, a recommendation was adopted to pay dividends in the amount of 18.866 billion rubles (or 0.180711206896552 rubles per share), which constitutes 25% of the net profit calculated under the International Financial Reporting Standards. The Board of Directors recommended to the Meeting of Shareholders to determine the persons entitled to receive the dividends as of June 7, 2021. Regarding the candidacy for the auditor of Inter RAO, it is recommended to approve Ernst & Young LLC.
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Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business.
The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates approximately 30.8 GW of installed power generation capacity.