MRSK Severo Zapada : Details of certain decisions taken by the Board of Directors of the Issuer

Notice of Essential Fact

"Details of certain decisions taken by the Board of Directors of the Issuer"

(Insider Information Disclosure)

1. General Data
1.1. Issuer's full business name		Public Joint-Stock Company "Interregional Distribution Grid Company of the North-West"
1.2. Issuer's abbreviated company name		IDGC of the North-West, PJSC
1.3. Issuer's location		Gatchina, Leningrad Region, Russia Address of the Company: 31 Sobornaya str., Gatchina, Leningrad Region, 188300, Russia
1.4. Issuer's PSRN		1047855175785
1.5. Issuer's TIN		7802312751
1.6. Issuer's unique code assigned by the registration body		03347-D
1.7. Internet page address used by the Issuer for information disclosure		www.mrsksevzap.ru, www.disclosure.ru/issuer/7802312751/
2. Contents of notice
2.1. Quorum of the session of the Board of Directors of the Issuer and the results of decision-making voting: Quorum of the session of the Board of Directors: 10 out of the 11 members of the Board of Directors participating in the session, the required quorum was present. Results of voting on the issues: Issue No. 1: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 2: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 3: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 4: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 5.1.1: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.1.2: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.1.3: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.2.1: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.2.2: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.2.3: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.3.1: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.3.2: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.3.3: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.4.1: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.4.2: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.4.3: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.5.1: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 5.5.2: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 5.6.1: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 5.6.2: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.6.3: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.7.1: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 5.7.2: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 5.8.1: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1. Issue No. 5.8.2: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. Issue No. 5.8.3: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0. 2.2. Contents of decisions made by the Board of Directors of the Issuer: ISSUE No. 1: Report on execution of the integrated program of the Company for reduction of injury risks personnel and outsiders are exposed to at the Company's electric power grid facilities for the period of 2014-2017 in 2016. Decision: Postpone this issue consideration. Decision taken. ISSUE No. 2: Report of the General Director on implementation of the Plan for Development of the System of Management of the Production Assets of the Company for 2016-2018 in 2016. Decision: Take under advisement the report of General Director on progress in implementation of the Schedule Plan of Measures for Adoption of a System for Management of Production Assets within the IDGC of the North-West, PJSC for 2016-2018 in 2016 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company. Decision taken. ISSUE No. 3: On approval of corrected Plan for Development of the System of Management of the Production Assets of the Company for 2016-2018. Decision: 1. Deem invalid the plan of development of a system for management of production assets of IDGC of the North-West, PJSC for 2016-2018 approved by decision of the Board of Directors of the Company dated 28.04.2016 (Minutes No. 204/19): 2. Approve of the corrected Plan for Development of the System of Management of the Production Assets of IDGC of the North-West, PJSC for 2016-2018 in accordance with Appendix No. 2 to this decision of the Board of Directors. 3. Instruct the Sole Executive Body of the Company to: - provide timely execution of corrected Plan for Development of the System of Management of the Production Assets of IDGC of the North-West, PJSC for 2016-2018; - develop and approve by internal organizational and administrative document of the Company resource plan of provision of execution of the corrected Plan for Development of the System of Management of the Production Assets of IDGC of the North-West, PJSC for 2016-2018 taking into account inclusion of activities of the Plan into investment program of the Company within the limits of the approved investment program of the Company. Deadline: within 1 month after the moment of this decision taking. - annually, before the end of the first quarter of the year following the reporting year, submit to the Board of Directors of the Company a report on the implementation of the adjusted Plan for Development of the System of Management of the Production Assets of IDGC of the North-West, PJSC for 2016-2018. Decision taken. ISSUE No. 4: On execution of schedule plans of design and construction and taking remedial measures in the integrated power system of the North-West of Russia as approved by Executive Order No. 1623-r of the Government of the Russian Federation dated 25.08.2014 (confidential). Decision: Confidential information. Decision taken. ISSUE No. 5: On determination of the attitude of the Company's representatives concerning issues on agendas of general meetings of shareholders and sessions of Boards of Directors of subsidiary companies of IDGC of the North-West, PJSC. Decision: 1. Instruct the representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the session of the Board of Directors of Pskovenergoagent, OJSC: 1.1 on agenda issue "On recommendations on allocation of the Company profit and loss following the results of 2016 financial year": "Recommend that the annual General Meeting of Shareholders of the Company approve of allocation of the Company's profit (loss) of 2016 financial year as follows: Indicator name thousand RUB Unallocated profit (loss) in the reporting period: 5,074 To allocate to: Reserve Fund 57 Profit for development 2,480 Dividends 2,537 Coverage of loss of previous years 0 Decision taken. 1.2 on the agenda issue "On recommendations on the amount of dividends on shares of the Company in 2016, on dividend payout procedure and on suggestions offered to the annual General Meeting of Shareholders for setting the date for generating the list of persons having the right to receive dividends": "Recommend that the annual General Meeting of Shareholders of the Company take the following decision: 1. To pay dividend on ordinary shares of Pskovenergoagent, OJSC following the outcome of 2016 in an amount of 0.2914418 RUB per ordinary share of the Company, in monetary form. 2. The term for payment of dividend to a nominal holder or a trustee being a professional participant of the security market shall not be in excess of 10 business days, to other shareholders registered in the register - 25 business days from the date when the list of persons having the right to receive dividend was generate. 3. Specify that the date for generation of the list of persons having the right to receive dividend shall be 18.07.2017." Decision taken. 1.3 on agenda issue "On consideration of the report on the credit policy of Pskovenergoagent, OJSC in Q4 2016": Take under advisement the report on the credit policy of Pskovenergoagent, OJSC for Q4 2016 in accordance with Appendix to decision of the Board of Directors of the Company. Decision taken. 2. Instruct representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the annual General Meeting of Shareholders of Pskovenergoagent, OJSC: 2.1 on agenda issue "On allocation of the Company profit and loss following the results of 2016 financial year (including payment of dividend)": "1. Approve of allocation of the Company profit (loss) for 2016 - reporting year Indicator name thousand RUB Unallocated profit (loss) in the reporting period: 5,074 To allocate to: Reserve Fund 57 Profit for development 2,480 Dividends 2,537 Coverage of loss of previous years 0 2. To pay dividend on ordinary shares of Pskovenergoagent, OJSC following the outcome of 2016 in an amount of 0.2914418 RUB per ordinary share of the Company, in monetary form. 3. The term for payment of dividend to a nominal holder or a trustee being a professional participant of the security market shall not be in excess of 10 business days, to other shareholders registered in the register - 25 business days from the date when the list of persons having the right to receive dividend was generate. 4. Specify that the date for generation of the list of persons having the right to receive dividend shall be 18.07.2017." Decision taken. 2.2 on the agenda issue "On election of members of the Board of Directors of the Company": "Elect the Board of Directors of Pskovenergoagent, OJSC composed as follows: No. Full Name Position 1. Gorshkova, Svetlana Vasilyevna Head of the Department for Realization of Power Transmission Services of IDGC of the North-West, PJSC 2. Nazarenko, Lyudmila Yuryevna Head of the Corporate Governance Unit of the Department for Corporate Governance and Cooperation with Shareholders of IDGC of the North-West, PJSC 3. Milashchenko, Olga Alexandrovna Head of the Department of Energy Accounting, Energy Saving and Energy Efficiency Improvement IDGC of the North-West, PJSC 4. Churikova, Tatyana Alexeyevna General Director of Pskovenergoagent, OJSC 5. Fedorov, Vadim Nikolayevich Deputy General Director for Development and Marketing of Services of IDGC of the North-West, PJSC Decision taken. 2.3 vote "FOR" the following decisions to be taken on agenda issue "On election of members of the Auditing Commission of the Company": "Elect the Auditing Commission of Pskovenergoagent, OJSC composed as follows: No. Full Name Position 1. Zhdanova, Irina Grigoryevna Chief Accountant - Head of the Department for Financial and Fiscal Accounting and Reporting of IDGC of the North-West, PJSC 2. Makhotina, Anna Valentinovna Chief Specialist of the Fiscal Accounting and Reporting Unit of the Administration for Financial and Fiscal Accounting and Reporting of IDGC of the North-West, PJSC 3. Ilyina, Irina Gennadyevna Chief Accountant - Head of the Financial and Fiscal Accounting and Reporting Administration of Pskovenergo branch of IDGC of the North-West, PJSC Decision taken. 3. Instruct the representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the session of the Board of Directors of Pskovenergosbyt, OJSC: 3.1 on agenda issue "On recommendations on allocation of the Company profit and loss following the results of 2016 financial year": "Recommend that the annual General Meeting of Shareholders of the Company approve of allocation of the Company's profit (loss) of 2016 financial year as follows: Indicator name thousand RUB Unallocated profit (loss) in the reporting period: 4,731 To allocate to: Reserve Fund 0 Profit for development 2,365 Dividends 2,366 Coverage of loss of previous years 0 Decision taken. 3.2 on agenda issue "On recommendations concerning the amount of dividend payable on the shares of the Company in 2016, on dividend payout procedure and on suggestions offered to the annual General Meeting of Shareholders for setting the date for generating the list of persons having the right to receive dividends": "Recommend that the annual General Meeting of Shareholders of the Company take the following decision: 1. To pay dividend on ordinary shares of Pskovenergosbyt, OJSC following the outcome of 2016 in an amount of 23.66 RUB per ordinary share of the Company, in monetary form. 2. The term for payment of dividend to a nominal holder or a trustee being a professional participant of the security market shall not be in excess of 10 business days, to other shareholders registered in the register - 25 business days from the date when the list of persons having the right to receive dividend was generate. 3. Specify that the date for generation of the list of persons having the right to receive dividend shall be 18.07.2017." Decision taken. 3.3 on agenda issue "On consideration of the report on the credit policy of Pskovenergosbyt, OJSC in Q4 2016": 1. Take under advisement the Report on Credit Policy of Pskovenergosbyt, OJSC for Q4 2016 in accordance with Appendix to decision of the Board of Directors of the Company. 2. To note the violation of the Prospective Development Plan by Pskovenergosbyt, OJSC in terms of exceeding the maximum permissible limit on liabilities structure as of December 31, 2016 above the established level, as well as the credit plan for Q4 2016 and business plan of Pskovenergosbyt, OJSC in terms of excess over the established Level of debt as of December 31, 2016. 3. Instruct General Director of Pskovenergosbyt, OJSC to ensure compliance with the requirements of the Regulations on the Company's credit policy approved by the Board of Directors of the Pskovenergosbyt, OJSC. Decision taken. 4. Instruct representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the annual General Meeting of Shareholders of Pskovenergosbyt, OJSC: 4.1 on agenda issue "On allocation of the Company profit and loss following the results of 2016 financial year (including payment of dividend)": "1. Approve of allocation of the Company profit (loss) for 2016 - reporting year: Indicator name thousand RUB Unallocated profit (loss) in the reporting period: 4,731 To allocate to: Reserve Fund 0 Profit for development 2,365 Dividends 2,366 Coverage of loss of previous years 0 2. To pay dividend on ordinary shares of Pskovenergosbyt, OJSC following the outcome of 2016 in an amount of 23.66 RUB per ordinary share of the Company, in monetary form. 3. The term for payment of dividend to a nominal holder or a trustee being a professional participant of the security market shall not be in excess of 10 business days, to other shareholders registered in the register - 25 business days from the date when the list of persons having the right to receive dividend was generate. 4. Specify that the date for generation of the list of persons having the right to receive dividend shall be 18.07.2017." Decision taken. 4.2 on the agenda issue "On election of members of the Board of Directors of the Company": "Elect the Board of Directors of Pskovenergosbyt, OJSC composed as follows: No. Full Name Position 1. Orlov, Denis Alexandrovich Deputy General Director for Corporate Governance of IDGC of the North-West, PJSC 2. Rodionov, Maxim Alexandrovich Head of the Finance Department of IDGC of the North-West, PJSC 3. Akhrimenko, Dmitry Olegovich Head of the Department for Corporate Governance and Cooperation with Shareholders of IDGC of the North-West, PJSC 4. Smirnova, Olga Veniaminovna General Director of Pskovenergosbyt, OJSC 5. Mikhaylov, Konstantin Dmitriyevich Deputy General Director - Head of Branch of IDGC of the North-West, PJSC - Pskovenergo Decision taken. 4.3 vote "FOR" the following decisions to be taken on agenda issue "On election of members of the Auditing Commission of the Company": "Elect the Auditing Commission of Pskovenergosbyt, OJSC composed as follows: No. Full Name Position 1. Zhdanova, Irina Grigoryevna Chief Accountant - Head of the Department for Financial and Fiscal Accounting and Reporting of IDGC of the North-West, PJSC 2. Komogortseva, Nadezhda Vladimirovna Chief Specialist of the Fiscal Accounting Methodology and IFRS Unit of the Administration for Financial and Fiscal Accounting and Reporting of IDGC of the North-West, PJSC 3. Beryoza, Natalya Georgiyevna Deputy Head of Administration - Head of the Internal Financial and Fiscal Reporting Unit of the Administration for Financial and Fiscal Accounting and Reporting of Pskovenergo branch of IDGC of the North-West, PJSC Decision taken. 5. Instruct the representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the session of the Board of Directors of Lesnaya Skazka, OJSC: 5.1 on agenda issue "On recommendations on allocation of the Company profit and loss following the results of 2016 financial year": "Recommend that the annual General Meeting of Shareholders of the Company approve of allocation of the Company's profit (loss) of 2016 financial year as follows: Indicator name thousand RUB Unallocated profit (loss) in the reporting period: (392) To allocate to: Reserve Fund 0 Profit for development 0 Dividends 0 Coverage of loss of previous years 0 Decision taken. 5.2 on agenda issue "On recommendations concerning the amount of dividend payable on the shares of the Company in 2016, on dividend payout procedure and on suggestions offered to the annual General Meeting of Shareholders for setting the date for generating the list of persons having the right to receive dividends": "Recommend that the annual General Meeting of Shareholders of the Company take the following decision: Not to pay dividend on ordinary shares of Lesnaya Skazka, OJSC following the results of 2016." Decision taken. 6. Instruct representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the annual general meeting of Shareholders of Lesnaya Skazka, OJSC: 6.1 on agenda issue "On allocation of the Company profit and loss following the results of 2016 financial year (including payment of dividend)": "1. Approve of allocation of the Company profit (loss) following the outcome of the 2016 reporting year as follows: Indicator name thousand RUB Unallocated profit (loss) in the reporting period: (392) To allocate to: Reserve Fund 0 Profit for development 0 Dividends 0 Coverage of loss of previous years 0 2. Not to pay dividend on ordinary shares of Lesnaya Skazka, OJSC following the results of 2016." Decision taken. 6.2 on the agenda issue "On election of members of the Board of Directors of the Company" vote "FOR" taking of the following decisions: "Elect the Board of Directors of Lesnaya Skazka, OJSC composed as follows: No. Full Name Position 1. Orlov, Denis Alexandrovich Deputy General Director for Corporate Governance of IDGC of the North-West, PJSC 2. Slepchenko, Alexey Nikolayevich Deputy Director for Economy and Finance of Karelenergo branch of IDGC of the North-West, PJSC 3. Dobryakov, Alexey Borisovich Head of Property Management Department of IDGC of the North-West, PJSC 4. Sopoleva, Elena Vladimirovna General Director of Lesnaya Skazka, OJSC 5. Sidorova, Alena Borisovna Chief Specialist of the Administration of organization of activities of Management Board, Board of Directors and Interaction with Shareholders and Investors of the Department for Corporate Governance and Interaction with Shareholders and Investors of Rosseti, PJSC Decision taken. 6.3 vote "FOR" the following decisions to be taken on agenda issue "On election of members of the Auditing Commission of the Company": "Elect the Auditing Commission of Lesnaya Skazka, OJSC composed as follows: No. Full Name Position 1. Batanina, Elena Anatolyevna Head of the Internal Audit Department of IDGC of the North-West, PJSC 2. Brushnevskaya, Lyubov Inkolyevna Chief Expert of Internal Audit Unit of the Internal Audit and Control Department of IDGC of the North-West, PJSC 3. Lukichev, Zakhar Nikolayevich Grade 1 Economist of the Fiscal Accounting Unit of the Administration for Financial and Fiscal Accounting and Reporting of Karelenergo branch of IDGC of the North-West, PJSC Decision taken. 7. Instruct representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the session of the Board of Directors of Energoservice of the North-West, OJSC: 7.1 on agenda issue "On recommendations on allocation of the Company profit and loss following the results of 2016 financial year": "Recommend that the annual General Meeting of Shareholders of the Company approve of allocation of the Company's profit (loss) of 2016 financial year as follows: Indicator name thousand RUB Unallocated profit (loss) in the reporting period: (6,408) To allocate to: Reserve Fund 0 Profit for development 0 Dividends 0 Coverage of loss of previous years 0 Decision taken. 7.2 on the agenda issue "On recommendations on the amount of dividends on shares of the Company in 2016, on dividend payout procedure and on suggestions offered to the annual General Meeting of Shareholders for setting the date for generating the list of persons having the right to receive dividends": "Recommend that the annual General Meeting of Shareholders of the Company take the following decision: Not to pay dividend on ordinary shares of Energoservice of the North-West, OJSC following the outcome of 2016 financial year." Decision taken. 8. Instruct representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the annual General Meeting of Shareholders of Energoservice of the North-West, OJSC: 8.1 on agenda issue "On allocation of the Company profit and loss following the results of 2016 financial year (including payment of dividend)": "1. Approve of allocation of the Company profit (loss) in 2016 reporting year as follows: Indicator name thousand RUB Unallocated profit (loss) in the reporting period: (6,408) To allocate to: Reserve Fund 0 Profit for development 0 Dividends 0 Coverage of loss of previous years 0 2. Not to pay dividend on ordinary shares of Energoservice of the North-West, OJSC following the outcome of 2016 financial year." Decision taken. 8.2 on the agenda issue "On election of members of the Board of Directors of the Company" vote "FOR" taking of the following decisions: "Elect the Board of Directors of Energoservice of the North-West, OJSC composed as follows: No. Full Name Position 1. Fedorov, Vadim Nikolayevich Deputy General Director for Development and Marketing of Services of IDGC of the North-West, PJSC 2. Vlasyuk, Eduard Nikolayevich General Director of Energoservice of the North-West, OJSC 3. Nesterenko, Vladimir Valeryevich Deputy General Director for Investment Activities of IDGC of the North-West, PJSC 4. Sidorova, Tatyana Alexandrovna Head of the Economy Department of IDGC of the North-West, PJSC 5. Vasinyuk, Lyudmila Viktorovna Head of the Unit for Interactions with Stockholders and Investors of the Department for Corporate Management and Interactions with Stockholders of IDGC of the North-West, PJSC 6. Milashchenko, Olga Alexandrovna Head of the Department of Energy Accounting, Energy Saving and Energy Efficiency Improvement IDGC of the North-West, PJSC 7. Rodionov, Maxim Alexandrovich Head of the Finance Department of IDGC of the North-West, PJSC Decision taken. 8.3 vote "FOR" the following decisions to be taken on agenda issue "On election of members of the Auditing Commission of the Company": "Elect the Auditing Commission of Energoservice of the North-West, OJSC composed as follows: No. Full Name Position 1. Zhdanova, Irina Grigoryevna Chief Accountant - Head of the Department for Financial and Fiscal Accounting and Reporting of IDGC of the North-West, PJSC 2. Kuzmenko, Elena Vasilyevna Deputy Chief Accountant - Head of the Department for Fiscal Accounting and Reporting of the Department for Financial and Fiscal Accounting and Reporting of IDGC of the North-West, PJSC 3. Pestova, Elena Lvovna Chief Specialist of the Accounting and Reporting Unit of the Administration for Financial and Fiscal Accounting and Reporting of IDGC of the North-West, PJSC Decision taken. 2.3. If the agenda of the session of the Board of Directors (Supervisory Board) contains issues related to exercise of rights with regard to certain securities of the Issuer, the identification attributes of such securities shall be indicated: The agenda of the session of the Board of Directors conducted on 29.05.2017 does not contain the issues related to the exercise of rights with regard to certain securities of the issuer. 2.4. Date of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: 29.05.2017. 2.5. Date and number of the Minutes of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: Minutes No. 243/34 dated 01.06.2017.
3. Signature
3.1. Deputy General Director for Corporate Governance of IDGC of the North-West, PJSC			D.A. Orlov
(pursuant to the Power of Attorney No. 119 dated 27.07.2015) 3.2 Date: June "01", 2017	(signature) L.S.