TGC-1 Board of Directors announced the date of the Annual General Shareholders Meeting

16.05.2017

The Board of Directors of TGC-1 has resolved to convene the Company's Annual General Shareholders Meeting. The Meeting shall take place in St. Petersburg on June 19, 2017.

The agenda of the Annual General Shareholders Meeting of TGC-1 includes the following items:

1.    Approval of the Company's Annual Report and Annual Statutory Financial Statements.

2.    Profit and loss distribution (including dividends) for FY 2016.

3.    Election of members to the Company's Board of Directors.

4.    Election of members to the Company's Audit Commission (Auditor).

5.    Approval of the Company's Auditor.

6.    Approval of amended Articles of Association of the Company.

7.    Approval of amended internal documents regulating activities of the Company's bodies.

8.    Amount of remuneration and payments to members of the Board of Directors for FY 2016.

9.    Approval of related-party transactions.

The date of issuing the list of persons entitled to participate in the Company's Annual General Shareholders Meeting: May 25, 2017.

The Board of Directors has also resolved to recommend to shareholders that RUB 2 billion 123 million of net profit received in 2016 should be allocated to the accumulation fund and RUB 181.8 million – to the reserve fund. The amount of RUB 1 billion 331 million, which is by 42% more than in 2015, should be appropriated for paying dividends on ordinary shares of TGC-1 (RUB 0.000345336 per one ordinary share of the Company in cash or 36.6 % of net profit under RAS).

BDO Unicon is recommended as the Auditor of TGC-1.