The Supervisory Board of AK ALROSA (OAO) held a meeting on 24 April chaired by Ilya Yuzhanov, according to a press release distributed by the company and received by Rough&Polished yesterday.
The Board discussed the date of the Annual General Meeting of Shareholders of ALROSA and decided to convene it on June 30, 2012 in Mirny, the Republic of Sakha (Yakutia).
The Board members have tentatively approved the annual report of ALROSA for 2011 and submitted it to the Annual General Meeting of Shareholders for further consideration. They recommended to distribute the net profit of ALROSA earned in 2011 in the following way:
- Total net profit to be distributed – 29,519,001,000 rubles;
- Dividends to be paid - 7,438,615,000 rubles.
The Board resolved to recommend to the General Meeting of Shareholders to pay a dividend of 1.01 rubles per one issued ordinary share of ALROSA with a nominal value of 50 kopeks for the year 2011.
The Board agreed with the decision taken by the company's tender commission on the winner of the auditing contest and recommended to the Annual General Meeting of Shareholders to approve OOO Financial and Accounting Advisors as the auditor of ALROSA according to the Russian Accounting Standards. The Board also defined the size of the auditor's fee.
The Supervisory Board has preliminarily approved the proposal of the company’s Board of Directors to transfer the airfield of Mirny, as well as airports Polarny, Aikhal, Vitim, Lensk, Saskylah and Olenek into the property of the Russian Federation on a gratuitous basis.
The members of the Supervisory Board also took note of the report on procuring goods and works (services) in 2011. The Board of Directors of ALROSA was instructed to continue increasing the share of purchases carried out in an open way and on electronic trading platforms.
Tatiana Alexandrova, Rough&Polished, Moscow
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