Sistema-Hals Announces Results of Its Annual Shareholder Meetimg
OREANDA-NEWS. July 07, 2010. Sistema-Hals OJSC (LSE, MICEX: HALS), one of the leading diversified companies on the real estate market of Russia and the CIS, announces that the Annual General Meeting of Shareholders was held to review the Company's results for 2009.
At the Annual General Meeting the shareholders approved the election of 7 members to the Company's Board of Directors:
• Evgueny Plaksenkov (Independent Director);
• Alyona Deryabina;
• Sergei Drozdov;
• Felix Evtushenkov;
• Pavel Kosov;
• Andrey Nesterenko;
• Andrey Puchkov.
The shareholders of Sistema-Hals OJSC decided to pay neither 2009 dividends nor remuneration to the members of the Board of Directors due to the Company's loss in 2009.
The Annual General Meeting of Shareholders also approved the annual report and the annual financial statements for 2009, elected the Revision Commission (3 members) and approved ZAO AF AORA as external auditor for Russian statutory accounting.
In addition, the AGM approved the interested party transactions, as well as new versions of the following corporate documents - Charter, Regulations on the Board of Directors, Bylaw on the General Meeting of Shareholders, Regulations for Executive Board, Regulations on the Remuneration and Compensation to the Board of Directors of Sistema-Hals OJSC. The AGM also confirmed to cease to be in force of the Regulations on the Option Program for the Board of Directors of Sistema-Hals OJSC, ratified by General Shareholders Meeting held on June 25, 2007 (Minutes #16).