TransContainer's board of directors to review Q1 results on June 15
MOSCOW. May 25 (Interfax) - The board of directors at OJSC TransContainer, OJSC Russian Railways' (RZD) container subsidiary, will convene on June 15 and review the enterprise's operational results for the first quarter of this year, the company said in an official statement.
This plan was approved on Tuesday.
The board will also review the results of TransContainer's business plan, agreements and contracts, personnel and borrowing policies, social programs, insurance measures and a decision regarding company CEO Pyotr Baskakov.
The meeting's agenda also includes review of management bonuses for the first quarter of this year and the whole of 2010, as well as implementation of TransContainer's strategy for the period until 2015. They will also look into the management of the company's subsidiary operations.
In addition, the board will review the company's charitable work and several arms-length transactions.
TransContainer operates with heavy containers and fitted platforms to carry them, and also has a network of terminals in Russia and Slovakia. RZD owns 50%+1 share of the operator's stock, transportation group FESCO 12.5%, the European Bank for Reconstruction and Development (EBRD) 9.25%, and other owners - including TransCreditBank and the non-governmental pension fund Blagosostoyanie - hold 11.63%. Free float is 16.63%.