News

29.06.2006

On June 28, 2006 Perm Engine Company annual general meeting of shareholders was conducted

On June 28, 2006 Perm Engine Company annual general meeting of shareholders was conducted. Shareholders who own 96.65% of voting stock attended the meeting.

Perm Engine Company shareholders approved the Company's Annual Report, annual accounts, distribution of net profit in the amount of 93 million 14 thousand rubles. The annual dividend of two rubles and thirty five kopeks per a share was announced. The shareholders took the advantage of possible preliminary legislation-envisaged approval of transactions of interest, which can be made with other companies of Perm Motors Group during the whole period to the next annual meeting of shareholders.

The Board of Director consisting of 9 persons, A.A. Inozemtsev, N.S. Ivkin (Perm Motors Group Management Company), A.V. Deriabina, V.V. Zheglov, Yu.E. Reshetnikov, E.P. Travnikov (Bank of Foreign Trade). E.V. Alexandrova, S.V. Fefelova (United Technologies Corporation of USA), S.Yu. Smolin, Managing Director of Perm Engine Company, was elected.

A new Revision Commission of 3 persons was elected.

The membership of the Board of Directors proportionally reflects the shareholders composition of Perm Engine Company, the control stock package of which belongs to Sales CJSC, a company of the Bank of Foreign Trade group.