JSC VTB Bank announces the results of its Annual General Shareholders Meeting held in Moscow on 3 June, 2011.
The shareholders approved JSC VTB Bank Annual Report for 2010 and JSC VTB Bank Financial Statements including Profit and Loss Statement (JSC VTB Bank Profit and Loss Account) for 2010.
The Meeting decided to allocate JSC VTB Bank profit for the year 2010 in the following way:
The shareholders decided to announce 2010 dividend payment worth RUB 0.00058 per one outstanding ordinary registered share of JSC VTB Bank of nominal value of RUB 0.01, with the following dividend payment procedure set:
The shareholders decided to pay the following remuneration to JSC VTB Bank Supervisory Council members who are not state employees:
Also, the shareholders decided to compensate the expenses related to performing of their function by JSC VTB Bank Supervisory Council members who are not state employees, namely: accommodation, travel expenses including VIP lounge services, other duties and fees for using air and/or railway communications.
The Meeting approved that JSC VTB Bank Supervisory Council should consist of eleven members and elected as members of JSC VTB Bank Supervisory Council:
The shareholders approved that JSC VTB Bank Statutory Audit Commission should consist of six members and elected as members of JSC VTB Bank Statutory Audit Commission:
The Meeting approved CJSC “Ernst & Young Vneshaudit” as JSC VTB Bank Auditor to exercise a mandatory audit of JSC VTB Bank for the year 2011.
The shareholders approved the new edition of JSC VTB Bank Charter and authorized Andrey L. Kostin, JSC VTB Bank President and Chairman of the Management Board to sign the new edition of JSC VTB Bank Charter and the application for the approval of the new edition of JSC VTB Bank Charter to be submitted to the Bank of Russia.
The Meeting also approved the new edition of the Regulation on JSC VTB Bank Supervisory Council.
It was resolved by the shareholders to approve JSC VTB Bank membership in the Russian Union of Industrialists and Entrepreneurs.
The Meeting also approved the limits for interested party transactions to be entered into by JSC VTB Bank during its standard commercial business in compliance with the list defined by JSC VTB Bank Supervisory Council.