21st Jun 2011 15:30
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA
PIK GROUP ("PIK" or "Group")
RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
(LONDON, 21 June 2011) - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, held its Annual General Meeting ('AGM') of Shareholders on 21 June 2011. Approved resolutions are summarized below:
1. Approval of the Russian statutory 2010 annual report and the RAS non-consolidated financial statements of PIK Group for the year ended 31 December, 2010 in accordance with Russian statutory requirements;
2. Approval of non-dividend payments for 2010 financial year as per RAS financial statements;
3. Approval of the number of the Board of Directors members at 9 directors;
4. Approval of the election of the following members of the Board of Directors, of which 9 directors were nominated and 9 were appointed (4 directors were re-elected):
Nominees, elected
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Pavel Grachev | re-elected | - | Moscow Representative Office of Nafta Moskva Ltd. (Cyprus), Managing Director |
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Anna Kolonchina | re-elected | - | Moscow Representative Office of Nafta Moskva Ltd. (Cyprus), Managing Director |
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Lee S. Timmins | re-elected | - | Hines International Inc., Head of Moscow Representative Office |
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Pavel Poselenov | re-elected | - | CEO, President of PIK Group
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Vladislav Mamulkin | Newly appointed | - | Moscow Representative Office of Nafta Moskva Ltd. (Cyprus), Managing Director |
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Oleg Lipatov | Newly appointed | - | Moscow Representative Office of Nafta Moskva Ltd. (Cyprus), Head of Moscow Representative Office | |||
Anton Averin | Newly appointed | - | Moscow Representative Office of Nafta Moskva Ltd. (Cyprus), Managing Director |
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Zumrud Rustamova | Newly appointed | - | OJSC Polymetall, Deputy General Director |
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Sergey Shibaev | Newly appointed | - | Kafa Finans Inc. (Canada), Director |
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5. Approval of the Remuneration of the members of the Board of Directors;
6. Approval of the members of the Audit Commission:
Lyudmila Monetova | - | Head of the Audit Division of PIK Group |
Elena Ivanova | - | Head of IFRS Division of Finance and Reporting Department of PIK Group |
Olga Boytsova | - | Deputy Director of Treasury of PIK Group |
7. Approval of CJSC BDO Unicon as the auditor of PIK Group for 2011 RAS financial statements;
8. Approval of interested party transactions, which may be executed in future between the holding company, PIK Group, and its subsidiary, PIK Region and other lenders, as set out by the Russian statutory requirements.
Related Shares:
PIK.L