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Published on : Friday, May 22, 2015
Aeroflot announces of an in absentia meeting of the Company’s Board of Directors held on 19 May 2015. The meeting’s agenda included the following key items:Preparation for JSC Aeroflot’s Annual General Meeting of Shareholders (AGM). The Board approved the agenda for the AGM on 22 June 2015. The agenda was assembled based on proposals from shareholders and the Board as well as a number of documents required for holding the AGM.Distribution of the Company’s profit or loss for the 2014 financial year. A decision was taken concerning recommendations to the AGM on distribution of net profit. The Board recommended the AGM neither to announce nor to pay dividends for the 2014 financial year.
This solution is in line with the Company’s dividend policy whereby dividends are paid on the basis of consolidated net profit under IFRS.Internal JSC Aeroflot documents regulating the activities of the Company. The Board approved the decision to propose to the AGM revised versions of the following basic documents of the Company:
– The charter of public joint stock company Aeroflot – Russian Airlines;
– Regulations of the AGM of public joint stock company Aeroflot – Russian Airlines;
– Regulations of the Board of Directors of public joint stock company Aeroflot –
– Regulations of the Management Board of public joint stock company Aeroflot –
– Regulations of the Revision Committee of public joint stock company Aeroflot –
The revised versions of these documents comply with amendments in Russian Federation legislation as well as the implementation of the Action plan (the Road Map) previously approved by the Board to introduce all key regulations of Russia’s Corporate Management Code in Aeroflot practices. The majority of changes are technical. Among other issues the new legislation stipulates that the legal form of the company be changed from an open joint stock company to a public joint stock company.