TGK-5 directors to schedule AGM, make dividend recommendations May 18
MOSCOW. May 15. (Interfax) - The board of directors of OJSC TGK-5 will on May 18 schedule the annual shareholders meeting and provide recommendations on dividend payouts for 2011, the generating company said in a statement.
TGK-5 did not pay out dividends for 2010.
Last year, the genco posted 183.045 million rubles in net profit to Russian Accounting Standards (RAS), a 75% drop over 2010.
TGK-5 has charter capital of 12,302,540,119.59 rubles divided into 1,230,254,011,959 shares of par value 0.01 rubles each.
The company manages combined heat and power plants in the Chuvash Republic and Republic of Udmurtia, the Kirov region and the Mari El Republic, with a combined capacity of 2,467.3 megawatts. TGK-5's main shareholder is IES, with an over 40% stake. Russia's Federal Property Agency (Rosimushchestvo) has a blocking stake in the company, while Gazprom has 5%.