X5 Retail Group Reports Results of AGM
OREANDA-NEWS. June 20, 2012. X5 Retail Group N.V. ("X5" or the "Company"), Russia's largest retailer in terms of revenue, today announced the results of the Annual General Meeting of shareholders ("AGM") held on 14 June 2012. All of the resolutions proposed at the AGM were approved by the shareholders and holders of global depository receipts.
The key items resolved at the AGM include the adoption of the annual accounts for the financial year 2011, as well as the re-appointment of Supervisory Board members Mr. Alexander Tynkovan and Mr. Stephan DuCharme, and the appointment of Mr. Dmitry Dorofeev as a new member of the Supervisory Board, replacing Mr. Vladimir Ashurkov who steps down as Supervisory Board member as per this AGM.