TGC-1 held the Annual General Shareholders Meeting

19.06.2017

The Annual General Shareholders Meeting of TGC-1 took place on June 19, 2017. Shareholders approved the Company's Annual Report and Financial Statements for 2016, including the Company's P&L Statements and profit distribution for 2016.

Revenue of TGC-1 in 2016 amounted to RUB 74 billion 511.5 million, gross profit – RUB 9 billion 453.5 million, net profit – RUB 3 billion 636.3 million.

The Annual General Shareholders Meeting resolved to send RUB 2 billion 123 million of net profit, received in 2016, to the accumulation fund for investment purposes and RUB 181.8 million to the reserve fund. Dividends for 2016 were paid to TGC-1 shareholders in the amount of RUB 0.000345336 per the Company's ordinary share in monetary form.

The Annual General Shareholders Meeting of TGC-1 elected the following members to the Company's Board of Directors:

1Parviz AbdushukurovVice President, Deputy General Director for Operations – Chief Engineer of JSC Fortum
2Alexey BarvinokGeneral Director, TGC-1 
3Yuri EroshinVice President for Production and Trading Portfolio at JSC Fortum
4Kari KautinenSenior Vice President, M&A and Solar & Wind Development, Fortum Corporation
5Irina KorobkinaDeputy Directorate Head of PJSC "GAZPROM" 
6Kirill SeleznevHead of Department at PJSC "GAZPROM", Member of the Management Board PJSC "GAZPROM"
7Denis FedorovGeneral Director of Gazprom Energoholding LLC, Head of a Department at PJSC "GAZPROM"
8Alexander ChuvayevMember of the Management Board, Executive Vice President at Fortum Corporation, President of the Russian Division
9Igor ShatalovFirst Deputy Head of Department at PJSC "GAZPROM"
10Pavel ShatskiFirst Deputy General Director of Gazprom Energoholding LLC
11Alexander ShevchukExecutive Director of the Professional Investors Association

The Audit Commission of TGC-1 shall include:

1Denis KorshnyakovHead of Long-Term Financial Investments Department at Gazprom Energoholding LLC
2Anatoly KotlyarHead of Directorate, PJSC "GAZPROM"
3Yury LinovitskyHead of Internal Audit Office at Gazprom Energoholding LLC, Internal Audit Project at Gazprom Personnel LLC
4Marat SalekhovDeputy Head of the Department, Head of Directorate at PJSC "GAZPROM"
5Alexander YuzifovichDeputy Head of Treasury Directorate, Gazprom Energoholding LLC

The Annual General Shareholders Meeting approved the new version of the Company's Articles of Association. 

JSC BDO Unikon was approved as the Company's Auditor.

Reference

TGC-1 is the leading producer and supplier of electricity and heat in the Northwest of Russia. TGC-1 comprises 53 electric power plants within the four entities of the Russian Federation: St. Petersburg, the Republic of Karelia, the Leningrad Region and the Murmansk Region.

The installed electric power capacity of TGC-1 is 6.95 GW, heat capacity — 14.53 thousand Gcal/h. Major Shareholders: Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%). The total headcount of the Company and its subsidiaries is about 7 thousand employees.