TGC-1 holds its Annual General Meeting of Shareholders

18.06.2012

On June 18, 2012, TGC-1 held its Annual General Meeting of shareholders. The shareholders approved the Company’s annual report, financial statements, including the Company’s profit and loss statement, and the distribution of profit for the year 2011.

TGC-1 revenue for 2011 totaled RUR 57 billion 691 million, operating profit was RUR 5 billion 557 million and net profit reached 3 billion 757 million.

The shareholders decided to distribute the company’s profit for 2011 as follows:

Reserve fund

187,866

Accumulation fund

3,381,586

Dividend

187,866

Coverage of prior years’ loss

-

 

The dividend for 2011 of RUR 0.000048741 per ordinary share will be paid to TGC-1 shareholders in cash within 60 days from the date of the decision.

The new members of the Board of Directors elected by the AGM in accordance with the list of nominees approved by TGC-1 Board of Directors on March 05, 2012 are as follows:

1

Anatoliy Gavrilenko

General Director, CJSC Leader

2

Irina Grave

Vice President, Fortum Corporation, M&A Russia

3

Alexander Dushko

Deputy Head, Finance and Economy Department, JSC Gazprom

4

Valentin Kazachenkov

General Director, CJSC Gazprom Mezhregiongaz
St. Petersburg

5

Kari Kautinen

Vice President, Fortum Corporation, M&A

6

Vladimir Kukushkin

Deputy Chairman, Power Sector and Utilities Committee, St. Petersburg City Administration

7

Alexey Mityushov

General Director, JSC WGC-2

8

Kirill Seleznev

Board Member, Head of Gas and Liquid Hydrocarbons Processing and Marketing Department, JSC Gazprom

9

Denis Fedorov

General Director, Gazprom Energoholding LLC

10

Andrey Filippov

General Director, JSC TGC-1

11

Alexander Chuvayev

Acting Vice President, Board Member, Fortum Corporation; President of Russia Division, Fortum Power and Heat Oy; General Director, JSC Fortum

 

The new members of the Audit Committee of TGC-1 are as follows:

1

Irja Vekkila

Senior Manager, Fortum Corporation, M&A

2

Svetlana Dascheschak

Chief Economist, Organizational Management Division, Internal Audit Department, Management Committee Administration, JSC Gazprom

3

Evgeny Zemlyanoy

Head of Electric Power Sector Marketing Subdivision, Electric Power Sector Development and Marketing Division, JSC Gazprom

4

Vitaly Kovalev

Deputy Head of Department, Head of Organizational Management Division, Internal Audit Department, Management Committee Administration, JSC Gazprom

5

Yury Linovitsky

Deputy Head, Internal Audit Department, Gazprom Energoholding LLC

 

CJSC PricewaterhouseCoopers Audit was elected as Company’s auditor.