Enel Russia holds Annual General shareholders’ meeting

Published on Tuesday, 18 June 2019

Moscow, June 18th, 2019 – The Annual General Shareholders’ Meeting of PJSC Enel Russia was held in Moscow today, and was attended by shareholders holding in aggregate 86,1 percent of the total voting stocks. The list of persons eligible to participate in the meeting was drawn up on May 24th, 2019.

Among the main issues on the agenda were the approval of the company’s annual report and annual financial statements for 2018, the approval of the distribution of profit, including the payment of dividends, on the results of 2018 financial year and the election of Enel Russia’s new Board of Directors.

“In 2018 we managed to beat our EBITDA as well as net income targets and made good progress on current projects. As promised, we increased the dividend payout ratio and will allocate 65% of net income to shareholder remuneration. Sustainability remains central to company growth, with new projects such as plant modernisation and the construction of recently awarded renewable facilities. As well as further improving the environmental footprint of our business operations, we are moving forward with the sale of coal-fired plant Reftinskaya GRES”

– Carlo Palasciano Villamagna, General Director of PJSC Enel Russia

The Annual General Shareholders’ Meeting approved the annual report and the annual financial statements of the company for 2018. Acting on a proposal by the Board of Directors, the Shareholders’ Meeting approved the distribution of dividends totalling around 5.0 billion RUR or 0.141471 RUR/share, corresponding to 65% of the company’s IFRS net ordinary income for 2018. The Assembly set July 8th, 2019 as the Dividend Record Date.

PJSC Enel Russia’s Shareholders’ Meeting elected a new Board of Directors composed of 11 members:

Denis Mosolov

Stephane Maurice Zweguintzow

Andrea Guaccero

Maria Antonietta Giannelli

Simone Mori

Andrea Palazzolo

Giancarlo Pescini

Giorgio Callegari

Vitaly Zarkhin

Tagir Sitdekov

Laurent Nicolas Souviron

The General Shareholders Meeting also appointed Limited Liability Company Ernst & Young as PJSC Enel Russia’s auditor.

The Annual General Shareholders’ Meeting approved an amended version of the company’s Charter and a new version of the Regulation on payment of remuneration and compensations to the company’s Board of Directors members.

Besides these topics, Shareholders voted for Enel Russia membership in the Russia Renewable Energy Development Association, a non-profit organisation that represents the interests of renewable energy sector players in Russia and works to create a favourable investment climate as well as promoting the use of renewable sources in the country.

An Enel Group subsidiary, PJSC Enel Russia operates the following power plants: Konakovskaya GRES, Nevinnomysskaya GRES, Sredneuralskaya GRES and Reftinskaya GRES. The company’s total gross installed electrical capacity is 9,428.7 MW (equivalent to 8,878.4 MW net installed capacity) and thermal capacity is 2.382 Gcal/h. PJSC Enel Russia’s authorised capital is 35,371,898,370 roubles, which is divided into ordinary shares with a par value of 1 rouble. The Enel S.p.A share in the company’s authorised capital is 56.43%, PFR Partners Fund I Limited’s share is 19.03%, Prosperity Capital Management Limited’s share is 7.68% and other minority shareholders’ share is 16.86%. PJSC Enel Russia shares are listed in Level 1 MICEX quotation list. The company was established in Yekaterinburg on October 27th, 2004 as OJSC OGK-5. On July 7th, 2009 by the resolution of Annual General Shareholders’ Meeting the company was renamed OJSC Enel OGK-5 and on August 8th, 2014 the Federal Tax Service registered the new version of the company’s charter with the name OJSC Enel Russia. On June 25th, 2015 the company changed its legal type and was renamed PJSC Enel Russia. You can follow the company’s news in social media such as Facebook, Instagram, Twitter and YouTube