23 April 2010
The Board of Directors of Bank Vozrozhdenie decided to hold the annual General Meeting of Shareholders of Bank Vozrozhdenie on June 25, 2010 at 10:00 in the Bank’s premises. The list of persons who have a right to participate in the General Meeting of Shareholders shall be drawn up on May 6, 2010 at 19:00 Moscow Time.
Agenda of the General Meeting of Shareholders includes such issues as approval of the Annual Report, financial statements and income statement for 2009, consideration of the report made by the Board of Directors, election of the Board of Directors, Revision Commission and Bank’s auditor.
In the course of preparation to the General Meeting of Shareholders a number of decisions were made with regard to the following issues: preliminary approval of the Annual Report, project of the profit distribution, recommendations of the HR & Compensations Committee on paying remunerations to the Board of Directors, determination of information (materials) for the meeting which should be submitted to the shareholders, approval of form and text of the voting ballot as well as order of notifying shareholders about the General Meeting of Shareholders.
Taking into account positive financial results of the year 2009, the Board of Directors recommended the General Meeting of Shareholders to make a decision on paying dividends following the results of 2009:
- for ordinary non-documentary registered shares with a nominal value of RUB10 each — 5% of the nominal value or RUB 0.5 per share;
- for preference non-documentary registered shares with fixed dividend and nominal value of RUB 10 each — 20% of the nominal value or RUB 2 per share.
The Board of Directors was also recommended to make alterations and amendments to the Bank’s Articles of association and internal regulations due to changes in the law.
The Board of directors approved candidates to the Board of Directors and Revision Commissions proposed by the HR & Remunerations Committee. The Board of Directors has also proposed a candidature to the Bank’s auditor based on the Revision Committee’s recommendations.