OREANDA-NEWS. June 29, 2011. DIXY Group, OJSC - the parent company of the DIXY Group, one of the Russia's leading retailers of foods and everyday products - announced the results of the Annual General Meeting of Shareholders.

The Annual General Meeting of Shareholders held on June 27, 2011 approved the following resolutions:

To approve the annual RAS (Russian Accounting Standards) statements for the 2010 fiscal year; not to declare/pay the dividends for the 2010 fiscal year and to allocate RUR 44,191,536.47 of net profit for the development of the Company.

To approve the STEK Auditing Service LLC as the auditor of DIXY Group, OJSC.

To set the compensation for the independent members of Board of Directors at USD 25,000 each, exclusive of taxes and not to pay compensation to other members of Board of Directors for the 2010-2011 period.

To elect a new Board of Directors of DIXY Group, OJSC.

To elect the Internal Audit Commission of DIXY Group, OJSC.

To approve possible credit transaction(s) between DIXY Group, OJSC and its affiliates for an amount not to exceed RUR 5 billion.

Shareholders elected the following Board of Directors:

Valeriy Bubnov,

Sergey Katsiev,

Igor Kesaev,

Aleksandr Prisyazhnyuk,

Dmitry Rischenko,

Xavier Fernandes Rosado,

Ilya Yakubson.

The details of the resolutions approved at the Annual General Meeting of Shareholders can be found in the Investors section of the Company's website.