GENERAL MEETING OF SHAREHOLDERS
The General Meeting of Shareholders is the supreme governance body of PJSC Rosseti South. The scope of powers, the procedure for convening, holding, and summarising the results of the General Meeting of Shareholders are governed by the Federal Law “On Joint Stock Companies”, Regulation of the Bank of Russia No. 660-P dated 16 November 2018 “On General Meetings of Shareholders”, the Articles of Association of PJSC Rosseti South, and the Regulations on the General Meeting of Shareholders of the Company.
Materials for preparation for General Meetings of Shareholders are posted on the Company’s website in compliance with the recommendations of the Corporate Governance Code on providing shareholders with additional materials to prepare for the meeting.
The Company’s shareholders may participate in the meeting by filling in the electronic ballot form in the information and telecommunications network of the Internet on the website of the Company’s independent registrar, JSC R.O.S.T., through the use of the “Shareholder’s Personal Cabinet” service.
In the reporting period, the Annual General Meeting of Shareholders of PJSC Rosseti South based on the results of 2022 was held on 9 June 2023 in the form of absentee voting. The meeting was attended by 70 shareholders (seven legal entities and 63 individuals), with a quorum of 91.22%. Such quorum was secured mainly due to the participation of the majority shareholder, PJSC Rosseti, with 84.16% of voting shares, as well as minority shareholders of Prosperity Group with 6.45%. The share of other shareholders who participated in the meeting totalled 0.60% of the Company’s voting shares.
In accordance with the agenda of the 2023 Annual General Meeting of Shareholders, the Annual Report, annual accounting (financial) statements of PJSC Rosseti South, and distribution of the Company’s profit based on the results of the 2022 financial year were approved in absentia, the members of the Board of Directors and the Audit Commission were elected, and the Company’s audit organisation for 2023 was approved. Subject to the restrictions set forth in Clause 1, Art. 43 of the Federal Law “On Joint Stock Companies”, it was decided not to pay dividends based on the results of 2022.
