Shareholders' IDC Center and Privolzhie decided not to pay dividends on the basis of 2008

by admin on June 25th, 2009

June 19, in Nizhny Novgorod, the annual general meeting of shareholders of OAO IDC Center and Privolzhie, which were approved by the annual report of the company during the year 2008 annual financial statements, including statements of income, distribution of profit and loss of society resulting from 2008 financial year, the elected board of directors, the Audit Commission, as well as the approved auditor for 2009.

The board of directors of OAO IDC Center and Privolzhie to the outcome of a vote of shareholders comprised 11 people:

• Shvets, Nikolay Nikolayevich - Director General of OAO IDC Holding;

• Popovski Sergei Nikolaevich - the representative of NP ATS;

• Shogenov Valery Muhamedovich - Deputy Director, Department of the Ministry of Russia;

• Ivanov, Sergei Nikolayevich - First Deputy Chairman of OAO UES FGC;

• Syutkin Sergei Borisovich - member of the board of OAO SO UES, General Director of OAO SO UES ODEs Center;

• Okley Pavel Ivanovich - Deputy General Director - Technical Director of JSC IDC Holding;

• Alexei V. Demidov - Deputy Director General of OAO IDC Holding;

• Albertovich Alexander Popov - Deputy General Director of OAO IDC Holding;

• Spirin Denis - Director of Corporate Governance representation of prosperity Capital Management (RF) Limited.

• Filkin Roman Alekseevich - the president of prosperity Capital Management (RF) Limited.

• Chistyakov Vladimir Sergeyevich - First Deputy General Director of JSC Investment Holding Energy Alliance.

The members of Audit Commission as follows:

• MATYUNINA Ludmila Romanovna - First Deputy Head of Internal Audit Department of OAO IDC Holding;

• Mikhno Irina - Deputy Head of Department - Head of Internal Audit Department of OAO IDC Holding;

• Rokhlina Olga - chief expert of the internal audit department of OAO IDC Holding;

• Andreichenko Dmitry - Head of Corporate Events OAO IDC Holding;

• Viktorova Olga Arkadyevna - head of department of internal control and audit of OAO IDC Center and Privolzhie.

The shareholders have decided not to pay dividends for the year 2008, and retained earnings of $ 1 428 560 thousand rubles to the reserve fund (71 428 rubles) and the development of production (1 357 132 thousand rubles).

company auditor general meeting of shareholders approved the LLC Nexia Pacholi.

The main result of the company in 2008 is to achieve all the planned financial performance. The volume of revenues compared to 2007 grew by 20% and amounted to approximately 31.7 billion rubles. The net profit of OAO IDC Center and Privolzhie in 2008 year was 1 429 million rubles, which is 17.5% higher than targets. The effectiveness of the implementation of operating points and made the company is EBITDA, which amounted to 5.2 billion rubles, which is 10.5% higher than projected, - said shareholders of the general director of OAO IDC Center and Privolzhie Eugene Ushakov.
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