DTEK Krymenergo to Pay about UAH 7 mln as 2011 Dividends
OREANDA-NEWS. June 27, 2012. The annual meeting of shareholders of Krymenergo on 25 June 2012 approved the results of the company’s financial and business activities and the distribution of the profit obtained in 2011.
The meeting decided to accrue and pay dividends based on the company’s performance in 2011 to 30% of the net profit and the annual dividends will amount to UAH 9,978,201.23 (0.058 UAH per share).
The State Budget will obtain UAH 6,98 million as dividends on the company’s stake held by Energy Company of Ukraine (ECU) and the State Property Fund of Ukraine before the company’s privatization in May 2012.
The shareholders meeting passed the resolution to rename the company to DTEK Krymenergo and change the composition of the Supervisory Board. DTEK Holdings B.V., DTEK Holdings Limited and Mr Oleksandr Kushch, nominated by ECU, became the new members of the Company’s Supervisory Board. The shareholders meeting elected the new membership of the Company’s Audit Commission, which included DTEK Investments B.V., DTEK LLC and ECU.
The meeting of shareholders adopted the new Articles of Association of DTEK Krymenergo stipulating that the main executive body was the General Director of the company, appointed by the Supervisory Board.
On 26 June 2012, the new Supervisory Board appointed Eduard Sokolovskyi the General Director of DTEK Krymenergo.
The Supervisory Board of DTEK Krymenergo assigned the General Director to enhance the company’s efficiency, implement the investment programme, upgrade the electrical networks and substations, enter into dialogue with consumers, improve services and ensure high collections from consumers for electricity supplied.