News

29.06.2006

On June 29, 2006 Perm Motors annual general meeting of shareholders was conducted

On June 29, 2006 Perm Motors annual general meeting of shareholders was conducted. Shareholders who own 62% of voting stock attended the meeting.

Perm Motors shareholders approved the Company's Annual Report, annual accounts, distribution of net profit in the amount of 28,755,000 rubles. According to the reclamation of the Board of Directors 8,034,000 rubles were used to repay for the losses of previous years and 20,721,000 rubles were put into the surplus fund. A decision not to pay dividends for FY 2005 was taken. The meeting approved a new revision of the Company's Charter and new revisions of shareholders' general meeting, Board of Directors, Revision Commission statutes. Since the functions of the counting commission were given to a professional registrar, the applicable statute of the accounting commission became invalid. Uralaudit Ltd. (Perm) is approved as the Company's auditor.

The Board of Director consisting of 15 persons was elected.

A new Revision Commission of 7 persons was elected.