Vozrozhdenie Bank holds the annual General Meeting of Shareholders

1 June 2015

The General Meeting of Shareholders of Vozrozhdenie Bank summarizing results of 2014 was held today.

The Meeting recognized Vozrozhdenie Bank financial results as satisfactory and adopted the bank’s annual report, annual financial statements, and profit distribution for 2014.

The General Meeting of Shareholders set June 11, 2015 as the dividend record date and approved dividends payment in the amount of 5% of face value for ordinary shares and 20% of face value for preference shares. Total amount of dividends to be paid totals RUB14,463,357.

Following the results of the Board of Directors and its Committees’ activity, the Meeting adopted a decision to pay remuneration to independent and non-executive members of the Board in accordance with the Regulation on remunerations and compensations for members of the Board of Directors.

In order to bring the bank’s name in compliance with the requirements of the Civil Code of the Russian Federation, adoption of amendments to legal acts of the Russian Federation, including to Federal Law “On Amendments to Charter 4 Part 1 of the Civil Code of the Russian Federation and the Revocation of Certain Provisions of the Federal Laws of the Russian Federation”, the General Meeting of Shareholders approved Amendments to the Articles of Association as well as new editions of the following internal documents: the Regulations on the General Meeting of Shareholders, the Procedure of Holding the General Meeting of Shareholders, the Regulations on the Board of Directors, the Regulations on the Executive Bodies, the Regulations on the Audit Commission, the Regulations on Remunerations and Compensations to the Members of the Board of Directors.

The General Meeting of Shareholders elected the following membership of the Board of Directors in the number of 12:

  • Igor Antonov, Chairman of the Management Board at Vozrozhdenie Bank
  • Alexey Krapivin, Chairman of the Board of Directors at Lengiprotrans PJSC
  • Igor Lojevsky, partner at Park Investors LLC, previously was Vice Chairman of Deutsche Bank AG in Eastern Europe
  • Leonid Makarevich, CEO at Electrozavod OJSC
  • Otar Margania, Dean of the Economics faculty at St Petersburg State University
  • Nikita Mikhalkov, Chairman of the Management Board at Studio TRITE of Nikita Mikhalkov
  • Tatiana Orlova, Deputy Chair of the Management Board at Vozrozhdenie Bank
  • Yuri Osipov, Advisor at the Russian Academy of Sciences
  • Mikhail Prokhorov, President at ONEXIM Group LLC
  • Dmitry Titov, Advisor and Vice President of Development at State Transport Leasing Company OJSC
  • Andrey Shalimov, Deputy Chairman of the Management Board at Vozrozhdenie Bank
  • Mukhadin Eskindarov, Rector at the Financial University under the Government of the Russian Federation

The Meeting elected the Audit Commission which composition did not suffer material changes compared to the previous year, and approved deals with interested parties that might be concluded on standard terms and conditions during the period until the next General Meeting of Shareholders in the ordinary course of business.

ZAO PricewaterhouseCooper’s Audit, one of the worldwide leaders in audit services, was approved as the official auditor of the bank.

Vozrozhdenie Bank earned RUB 40 million of net profit in Q1 2015
The new Board of Directors held its first meeting