On 30 June 2014, the shareholders of OJSC GAZ – main legal entity of GAZ Group – took the decision to pay dividends on the privileged shares for 2013 at the annual general meeting. The shareholders also elected the Board of Directors of OJSC GAZ and approved the annual report of the Company.
The OJSC GAZ shareholders decided to distribute the net profit earned by the Company in 2013 as follows: to pay dividends on the privileged shares in the amount of RUR7.85 per share, not to pay dividends on the ordinary shares, and to leave the remaining net profit at disposal of the Company.
The OJSC GAZ shareholder selected the Board of Directors of OJSC GAZ:
- Manfred Eibeck, CEO of Russian Machines;
- Peter Koob, Member of the Russian Machines Board of Directors;
- Evgeniy Kornilov, First Deputy CEO of Russian Machines for Corporate Business Development;
- Artem Leontiev, HR Director of Basic Element;
- Maksim Nagaitsev, CEO of NAMI;
- Valery Shantsev, Acting Governor of the Nizhny Novgorod Region.
- Dmitry Snesar, Senior Vice-President of VTB Bank;
- Vadim Sorokin, GAZ Group President;
- Siegfried Wolf, Chairman of the Russian Machines Board of Directors;
The shareholders also approved the annual report and accounting statements of OJSC GAZ for 2013, elected the revision commission, and approved TsBA as the Auditor.
