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Mostotrest : Board approves Shareholder Meeting documentation

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05/25/2020 | 07:37am EDT
25/05/20

In its meeting held on May 21, in absentia, the Board of Directors of PJSC Mostotrest approved the date and agenda of the Annual General Shareholder Meeting of the Company. The Board members reviewed the annual report of the Company for 2019, the report on transactions concluded in 2019, and the annual accounting (financial) statements for 2019, which will be submitted to the Company shareholders. The Annual General Shareholder Meeting of Mostotrest PJSC will be held on June 30, 2020, in the form of absentee voting.

The Board of Directors also approved the final list of 11 candidates for the vote on election to the Mostotrest Board of Directors. The list includes Denis Vorobyov, Sergei Evtyukov, Maria Zhurba, Maria Karelina, Vladimir Kotylevsky, Alexander Ostrovski, Vyacheslav Prikhodko, Valentin Silyanov, Maxim Bakushkin, Andrei Struk and Oleg Tanana.

The Board of Directors drafted a list of 4 candidates for the Audit Committee of the Company, including Elena Barabanova, Valeria Bikmaeva, Tatyana Gushchina and Julia Kryuchkova.

The Board recommended that the Annual General Shareholder Meeting retain undistributed net profit of the Company for 2019 in the amount of RUB1,732,128,366, and not pay dividends on ordinary shares of the Company pursuant to Russian Government Decree 428 'On Moratorium on Initiation at the Request of Creditors of Bankruptcy Cases in Respect of Certain Debtors', which precludes profit and dividend distribution by Mostotrest as a systemically important company.

The Board of Directors put KPMG forward to the Annual General Shareholder Meeting, as a candidate for auditors of financial statements prepared in accordance with Russian and International Accounting Standards.

The record date for participation in the Annual General Shareholder Meeting of Mostotrest PJSC will be June 6, 2020.

FOR REFERENCE

Mostotrest PJSC is the largest diversified infrastructure construction company with a footprint 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 core business segments include construction and reconstruction of bridges (including road, railway and city bridges), roads and other transport infrastructure, as well as road maintenance, repair and operation services. In 2012, Mostotrest also diversified into road concession management.

The company was founded in 1930 for the construction of off-gauge and extra-large bridges.

Currently, Mostotrest is involved in the implementation of a number of complex integrated transport infrastructure projects, such as construction of several segments of the M-1 'Belarus' and M-5 'Ural' highways, as well as Moscow metropolitan area transport infrastructure development projects.

For more detailed information about Mostotrest please visit: www.mostotrest.ru

Disclaimer

OAO Mostotrest published this content on 25 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2020 11:37:00 UTC

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