ALROSA held its Annual General Meeting of Shareholders in Mirny, Yakutia, on June 30, 2012, according to a press release distributed by the company and received by Rough&Polished.
The shareholders approved the company’s annual report and financial statements, as well as its profit and loss statement for 2011.
As the 2011 year end, ALROSA turned into the largest producer of rough diamonds bringing up its output to 34.6 million carats in 2011 from 34.3 million carats in 2010.
The year 2011 was a record one in the history of ALROSA in terms of rough sales – ALROSA Group sold $4,454.8 million worth of diamond goods (of which rough sales reached to $4,273.7 million and polished sales - $181.1 million).
In view of its results in 2011, ALROSA gained a net profit of RUB 29,519 million.
The meeting approved the following distribution of profits received in 2011:
- Total net profit to be distributed – RUB 29,519,001,000;
- Dividends to be paid – RUB 7,438,615,000;
- Profit remaining at the disposal of ALROSA – RUB 22,080,386,000.
It was decided to pay a dividend of one ruble and one kopeck per one issued ordinary share with a par value of fifty kopecks.
It was decided to approve OOO FBK as the auditor ALROSA to perform mandatory auditing of the company’s annual financial statements under the Russian Accounting Standards in 2012 and to approve ZAO PricewaterhouseCoopers Audit to perform mandatory auditing of ALROSA Group’s consolidated financial statements under the International Financial Reporting Standards in 2012.
The shareholders at the meeting elected the Supervisory Board of ALROSA, including the following persons:
FYODOR ANDREEV, President of ALROSA;
SERGEI BARSUKOV, Director of Financial Policy Department, Ministry of Finance of the Russian Federation;
PAVEL BORODIN, Vice President of VimpelCom (independent director);
NATALYA GURYEVA, Deputy Head of Administration in the Verkhnevilyuisk Ulus Municipal District of the Republic of Sakha (Yakutia) (independent director);
IVAN DEMYANOV, Vice President of ALROSA;
VALERY DZYUBENKO, Deputy General Manager of the Committee for Precious Metals and Gems of the Republic of Sakha (Yakutia) (independent director);
SERGEI DUBININ, Chairman of the Supervisory Board of OAO VTB Bank (independent director);
VIKTOR EFIMOV, General Manager of OAO Respublikanskaya Investitsionnaya Kompania;
DMITRY ZAKHAROV, General Manager of OOO RIC-Finance (independent director);
SERGEY MESTNIKOV, First Deputy Minister for Property and Land Relations of the Republic of Sakha (Yakutia);
DENIS MOROZOV, Russian Federation Representative at the Board of Directors of the European Bank for Reconstruction and Development;
NINA OSIPOVA, Deputy Minister of Finance of the Republic of Sakha (Yakutia);
ANATOLY TIKHONOV, First Deputy Chairman of Vnesheconombank or Bank for Development and Foreign Economic Affairs;
YAKOV URINSON, Deputy Chairman of OAO Rosnano;
ILYA YUZHANOV, Member of the Supervisory Board of OAO NOMOS-BANK.
The meeting also elected the Audit Commission of ALROSA and introduced amendments into the Charter of ALROSA and a number of regulatory documents of the company.
On the eve of the Annual General Meeting the Executive Committee of ALROSA discussed the adjustment to the company’s budget for 2012. The budget adjustments were due to the change in foreign exchange rates.
