General Meeting of Shareholders

General Meeting of Shareholders is the top management body of the Company.

In accordance with the Articles of Association of PJSC Kubanenergo, the following matters, among other things, are the responsibility of the General Meeting of Shareholders of the Company:

  • Introduction of amendments and additions to the Articles of Association;
  • Reorganization and liquidation of the Company;
  • Increase and decrease of the Company’s authorized capital;
  • Split-up and reverse split of the Company’s shares;
  • Decision-making on placement of stocks converted into shares by the Company;
  • Election of members of the Board of Directors and Revision Commission of the Company and early termination of their powers;
  • Approval of annual reports, annual accounting statements, profit distribution (including payment of dividends);
  • Decision-making on approval of major transactions and interested party transactions in the cases stipulated by the Federal Law “On Joint-Stock Companies”;
  • Approval of internal documents regulating the activity of the Company bodies;
  • Decision-making on payment of remuneration and/or compensation to the members of the Board of Directors and the Audit Committee of the Company.
  • Decision-making on delisting application of the Company’s shares and/or equity securities converted in its shares.

The General Meetings of Shareholders of PJSC Kubanenergo are prepared and held in accordance with the laws of the Russian Federation and Regulations on Procedure for Convening and Holding General Meeting of Shareholders*.

One General Meeting of Shareholders of the Company was held in 2015

Date of the General Meeting of Shareholders

Decisions adopted by the General Meeting of Shareholders**

June 10, 2015
(Minutes No. 36 of June 11, 2015)
The holders of 99.61% of total amount of placed voting shares participated in the meeting.

  • The annual report and annual financial statements for 2014 were approved.
  • Profit distribution was approved (by the results of 2014, the Company sustained loss in the amount of RUB 3,632,333 thou). It was decided not to pay dividends by the results of 2014.
  • The members of the Board of Directors and the Audit Commission were elected.
  • The auditor of the Company – LLC RSM RUS – was approved.
  • The Company‘s Articles of Association***, as well as in-house documents are approved in the new edition:
  • The Regulation on the General Meeting of Shareholders of the Company;
  • The Regulation on the Company’s Board of Directors;
  • The Regulation on the Management Board of the Company
  • The Regulation on the Revision Commission of the Company
  • The Regulation on Payments of Remunerations and Compensations to Members of the Revision Commission of the Company
  • The Regulation on Payments of Remunerations and Compensations to the Members of the Board of Directors of the Company

The agenda of the General Meeting of Shareholders also includes an issue of approval of interested party transactions that can be made in the future during implementation of common business by the Company. The Board of Directors recommended to make a decision on approval of future transactions of the Company with OJSC Energoservice Kubani, however the General Meeting of Shareholders did not decide on this issue.


*Find Regulations on Procedure for Convening and Holding General Meeting of Shareholders on the web-site www.kubanenergo.ru - section About the Company / Constituent and in-house documents 

**Find the Minutes of the General Meetings of Shareholders of PJSC Kubanenergo on the website www.kubanenergo.ru - section “About the Company / Management / Shareholders’ General Meeting”

***The state registration of the amended Articles of Association is carried out on June 22, 2015.