OREANDA-NEWS. May 31, 2010. Transsiberian Re general shareholders meeting took place in European Bureau office of Transsiberian Reinsurance Corporation, OJSC to approve the annual report and annual financial statements for 2009, including income statement (profit and loss account). Net profit for 2009 made up USD 1,2 mn.

General meeting decided not to declare and pay ordinary share dividends. As for the preference shares, shareholders approved dividend distribution based on the accounting year in the amount of RUR 90 000 (RUR 1.50 per each preference share).

General meeting decided to issue additional 2 949 900 ordinary shares at nominal value of 60 rubles. It was decided on private placement. Thus, additional emission will be amounted to RUR 176 994 000 and Transsiberian Re chartered capital will increase to RUR 362.7 mn. 

Also, shareholders elected Accounting and Audit commissions of Transsiberian Re, OJSC and approved auditor of the Corporation for the current year of 2010.

The Board of Directors of Transsiberian Re was not changed and included the following members: I.F. Kovrigina, I.Yu. Postnikova, Yu.A. Vronsky, A.I. Leonenko and A.V. Fadeeva.