TGK-6 to conduct annual general shareholders meeting June 29
NIZHNY NOVGOROD. May 21. (Interfax) - OJSC Territorial Generating Company Number 6 (TGK-6) , based in Nizhny Novgorod and managed by IES Holding, will hold its annual general shareholders meeting on June 29, the company said in a statement.
The board of directors will give its recommendations for profit (loss) allocation and for auditor candidates at a meeting on May 23, TGK-6 told Interfax. Meanwhile, a company representative said that TGK-6 does not plan to pay out dividends for 2011 due to a net loss.
Last year, the company posted net losses of 153.4 million rubles.
TGK-6 did not pay out dividends for 2010 due to a net loss of 1.247 billion rubles.
The standard issues have been included in the agenda for the annual meeting: the approval of the annual financial statement, profit and loss allocation, compensation for board of directors and audit committee members, and an auditor. The agenda also includes an item on approving TGK-6's charter and the provision on the procedure for preparing and conducting annual shareholders meetings in a new version.
The list of shareholders with the right to participate in the annual meeting will be compiled on May 21.
TGK-6 has charter capital of 18,628,821,353.8525 rubles, divided into ordinary shares of par value 0.01 rubles each.
The company is the main heat and power producer in the Nizhny Novgorod, Vladimir, Ivanov and Penza regions, as well as the Republic of Mordovia.
