Published on : Friday, May 27, 2016
The meeting agenda included the following items:
Work with shareholders and the investment community. Aeroflot’s share price increased by 32.8% in the first quarter of 2016. This was driven by positive trends on the Russian stock market, Aeroflot Group’s strong operating results for the first quarter of the year, and the Group’s strong IFRS financial results for full year 2015. In the first quarter a number of important projects were implemented to develop relations with the investment community, including the launch of a new IR section of the company website. Aeroflot continues to work closely with the investment community to correctly position the Company’s investment case.
Review of information and conclusions of the Revision Committe of PJSC Aeroflot and the Audit Committee of the Board of Directors regarding the results of the 2015 financial year. The Revision Committe’s conclusions based on its examination of Aeroflot’s operating and financial results for 2015 confirmed the accuracy of the annual financial statements. The analysis of the Revision Committe showed that the Company overall maintains compliance with the various laws that regulate its activities.Distribution of Aeroflot’s profit and losses for the 2015 financial year. In accordance with the Dividend Policy, the basis for calculating dividend payments is net profit as per Aeroflot Group’s consolidated financial statements.
For 2015 the company reported a loss under both IFRS and RAS. As a result, it was decided to recommend to the Annual General Meeting of shareholders scheduled for 27 June 2016 not to announce or make dividend payments on shares of PJSC Aeroflot for the 2015 financial year.
Compensation and Incentive System for Members of the Board of Directors. A resolution was adopted to approve the new edition of the Compensation and Incentive System for Members of the Board of Directors and to recommend it for approval to the AGM scheduled for 27 June 2016.