At the TGK-5 annual meeting June 27 the holders affirmed the issues included into the agenda and decided to pass the dividends, the company informed.
The new BOD members were elected; Ernst & Young being affirmed as an auditor. Besides, the restructuring of the Company in the form of the merger with Volzhskaya GTK was approved. Within the merger 971.982143 common stocks of 0.01 rub. par should be converted into one stock of Volzhskaya TGK. The buyback price should be fixed at 0.1848 rub./pcs.
TGK-5 (TIN 2128701733) provides generation of heat and electric energy.
It was set up within the restructuring of energetic sector. It involves power plants in Kirovsky reg., Udmurtia, Chuvashia, Mariy El. The capacity gains 2467MW and 9040 Gcal. Now it is included into the Urals Generation division of Complex Energetic Systems (KES).
The 2013-net losses increased 13.19% (IAS) to 1.872bn rub. from 1.654bn rub. prior year; revenues climbed up 4.42% to 27.305bn rub. from 26.148bn rub.; operating losses being down 3.82% to 1.114bn rub. from 1.159bn rub.; pretax losses moved up 19.38% to 1.955bn rub. from 1.638bn rub.
The 9-month 2013 net profit declined (RAS) 7.22 fold to 54.491mln rub. from 393.338mln rub. prior year period. The revenues added 7.68% to come to 16.248bn rub. from 15.09bn rub.; profit from sales coming to 302.93mln rub. vs. 451.563mln rub. in losses; pretax profit dropped 10.59 fold to 45.97mln rub. from 487.031mln rub.
"AK&M", 14:18, 03.07.2014 1251 AKM,COR