OREANDA-NEWS. The General Annual Shareholders' Meeting of OJSC Enel OGK-5 was held in Moscow. The meeting was attended by the shareholders holding in aggregate more than 92.45 percent of the total voting stocks. The list of persons eligible to participate in the meeting was drawn up ​​as of May 7th, 2014.

The main issues in agenda were the approval of the Company's annual report for 2013, approval of the annual financial statements including the profit and loss statement of the Company, approval of the Company's profit allocation upon the results of the year 2013, including the payment of dividends, election of the members of the Company's Board of Directors, election of the members of the Company's Internal Audit Commission, approval of the Company's Auditor and update of the Company's Charter, including the proposal to change the Сompany's name.

The General Annual Shareholders' Meeting approved the annual report for 2013 and the annual financial statements of the Company for 2013. For the first time, acting on a proposal by the Board of Directors, the Shareholders' meeting approved the allocation of 40% of the Сompany's IFRS 2013 net ordinary profit, totaling around 1.976 billion RUR, to the payment of a 0.0559 RUR/share dividend. The Assembly fixed July 7th, 2014 as Dividend Record Date.

Enrico Viale, Director-General of Enel OGK-5 stated: “We are pleased to confirm the implementation of a dividend payout policy, a commitment we shared with our shareholders last year as well as another target we achieved in spite of the challenging backdrop of the recent years. Looking ahead, we will carry on delivering solid results for the benefit of our shareholders.”

The Shareholders' Meeting of Enel OGK-5 elected the new Board of Directors composed by 11 members:

Glen Thomas Andrews

Marco Arcelli

Alda Paola Baldi

Alexander Valentinovich Chmel

Francesca Gostinelli

Sergey Vladimirovich Marinich

Roderick Peacock

Aaron James Rubin

Marco Salemme

Carlo Tamburi

Stephane Zweguintzow

The Company presented the suggestion to change the name to “Enel Russia” from “Enel OGK-5”. Hence, the Shareholders' Meeting approved the procedures required for such re-branding, including the application to the Ministry of Justice for the use of the word “Russia” in a Company's name. The Company also proposed to insert the new name in the Company's Charter following the required approval by the Ministry of Justice.

The Shareholders' Meeting of Enel OGK-5 also elected the new Internal Audit Commission of the Company and appointed LLC Ernst & Young as Enel OGK-5's Auditor. The Meeting voted to introduce amendments to the Company's Charter on procedural matters, updating it in line with the recent regulatory changes, and approved a liability insurance contract for Directors and Officers.