OREANDA-NEWS. Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec and a leading global designer and manufacturer of helicopters, announces that the Board of Directors on 23 May met to discuss the convening and holding of the Annual General Meeting (AGM) of shareholders of the Company for 2012.

The Board of Directors resolved to hold the shareholders’ meeting on 28 June 2013. Shareholders may attend in-person or vote beforehand by returning voting papers distributed in advance of the meeting.

The Board of Directors approved the following agenda for the AGM of shareholders:

Approval of the annual report of Russian Helicopters, JSC for 2012;
Approval of the annual financial statements of Russian Helicopters, JSC for 2012, including the consolidated statements of comprehensive income;
Distribution of the profit of Russian Helicopters, JSC for 2012, including declaration of a full-year dividend;
Remuneration of members of the Board of Directors and Audit Commission of Russian Helicopters, JSC;
Election of the members of the Board of Directors of Russian Helicopters, JSC;
Election of the Audit Commission of Russian Helicopters, JSC;
Approval of the auditor of Russian Helicopters, JSC;
Approval of related-party transactions that may be undertaken in the future by Russian Helicopters, JSC.


In addition, the Board of Directors gave preliminary approval to the Company’s annual report and considered the annual financial statements for 2012.

The Board of Directors also recommended dividend payments for 2012, taking into account dividends paid on ordinary shares for the first nine months of 2012. The total amount that Russian Helicopters, JSC, intends to pay as dividends for 2012 is RUB 1,376,696,526.20, of which RUB 460,169,150.28 were paid out as dividends for the first nine months of 2012.

The total dividend for 2012 per ordinary share of the Company is RUB 14.45. The company paid a dividend per ordinary share of RUB 4.83 for the first nine months of 2012. Therefore, the final dividend to be paid based on approval by the AGM of shareholders will be RUB 9.62 per share.

The Board of Directors also approved other resolutions in preparation for the holding of the AGM of shareholders.

The Board of Directors recommended Ernst & Young LLC as the Company’s auditor for 2013.

A list of related-party transactions that may be undertaken in future was drawn up for approval by the AGM of shareholders.

A list of information (materials) for presentation to shareholders of Russian Helicopters, JSC in preparation for the AGM of shareholders and presentation procedures were drawn up. The form and text of the voting papers were approved, and the list of persons invited to the meeting. The procedure for informing shareholders of the AGM of shareholders was also determined.