PJSC Cherkizovo : Results of PJSC “Cherkizovo Group” Board of Directors Meeting

Moscow, Russia - February 18, 2022 - Cherkizovo Group (MOEX: GCHE), the largest Russian vertically integrated meat producer, announces the results of its Board of Directors meeting held on February 17, 2022.

The Board of Directors of PJSC "Cherkizovo Group" (hereinafter - "the Company"):

· took into consideration the financial results of the Company in Y2021.

· approved the Company's budget for 2022.

· took into consideration the report on ESG project of the Company, approved the Report on the Corporate Governance Practice in 2021, supported the Corporate Governance Practice Development Plan for Y2022, and approved the Report on Compliance with the Information Policy.

· called the Annual General Meeting of Shareholders on March 25, 2022 (hereinafter, the AGM) to be held in the form of the meeting and determined possibility of remote participation in AGM by employing information and communication technologies, completing electronic voting forms on the website in information and telecommunications network Internet.

· approved the AGM agenda, set February 28, 2022 as the date of listing of persons entitled to participate in the AGM, approved the text and the form of the AGM notice to shareholders and the list of information provided to shareholders.

· preliminarily approved the Company Annual Report for Year 2021.

· approved the following recommendations of the Board of Directors on the distribution of the Company's profit following the results of 2021 reporting year by paying dividends in the amount of 130 rubles 27 kopecks per ordinary share of the Company. Establish the date as at which the persons possessing a right to obtain the dividends shall be determined: April 5, 2022.

· took into consideration the reports of the Chairman of the Investments and Strategic Planning Committee, of the Chairman of the Audit Committee, of the Chairman of the Personnel and Remunerations Committee and recommendations of the Committees to the Board of Directors.

· approved the performance results of 2021 key performance indicators' (KPIs) of the CEO and the Deputy CEO of the Company upon the results of Y2021.

· approved implementation results of the KPIs in Y 2021 and approved the KPIs for Y2022 Assessment Period in accordance with the Regulations on the Long-Term Incentive Program.

· approved Long Term "LTI-Plus" Incentive Program for the key employees of the Company and the KPIs of the Program.

· approved the Regulations on the Remuneration Policy for the Management Board members.

Wording of resolutions adopted on the agenda items and voting results will be disclosed in the form of a material action notice on resolutions adopted by the Board of Directors.

.st0 { fill: #fff }

• Company
• Brands
• Press
• Investors
• Contacts
• Export
• Procurement
• Career
• Horeca

2005-2022 CHERKIZOVO GROUP