Vozrozhdenie Bank holds the annual General Meeting of ShareholdersNews

30 June 2017

The General Meeting of Shareholders of Vozrozhdenie Bank summarising results of 2016 was held today.

The Meeting approved the bank’s Annual Report, Annual Financial Statements and made a decision on dividends payment.

The General Meeting of Shareholders set July 11, 2017 as the date of compelling the list of persons entitled to receive dividends and approved dividends payment in the amount of 77% of nominal value for both ordinary and preferred shares. Total amount of dividends to be paid on ordinary shares totals 182,864,943.80 rubles, and on preferred shares — 9,967,688.50 rubles.

The Meeting made a decision to pay remuneration for 2016 Mukhadin Eskindarov, a member of the Board of Directors, the Chairman of the Human Resources and Compensation Committee and a member of the Audit Committee. In 2016, Mukhadin Eskindarov was listed in the 50 Best Independent Directors rating of the X National Award “Director of the Year — 2015”. It was decided not to pay remuneration to the Chairman of the Board of Directors, executive directors (members of the Management Board and its Chairman) and the other members of the Board of Directors.

The General Meeting of Shareholders has also elected the following members to the Board of Directors of Vozrozhdenie Bank:

  1. Alexey Ananiev
  2. Dmitry Ananiev
  3. Konstantin Basmanov
  4. Basunia Tamjid Hossain
  5. Dmitry Ermolov
  6. Andrey Zhupanov
  7. Dmitry Lavrentiev
  8. Otar Margania
  9. Nikolay Orlov
  10. Vladislav Khokhlov
  11. Dmitry Chekalkin
  12. Mukhadin Eskindarov

Besides, the following composition of the bank’s Audit Commission have also been elected at the meeting:

  1. Tatiana Borisova
  2. Andrey Volynkin
  3. Irina Golubeva
  4. Alexey Kargachev

Pursuant to the Federal Law No. 41-FZ “On amendment of Articles 10 and 22 of the Federal Law “On banks and banking activity” dated March 28, 2017, the bank’s Charter was amended with respect to information on the bank’s branches and references thereto across the text of the Charter.

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

The first meeting of the newly elected Board of Directors took place straight after the annual General Meeting of Shareholders. Mr Dmitry Ananiev was elected as the Chairman of the Board of Directors and Mr Otar Margania — as the Deputy Chairman of the Board of Directors.

The Board of Directors also elected members of the Audit Committee and the Human Resources and Compensation Committee and considered recognition of a member of the Board of Directors Mr Tamjid Hossain Basunia as an independent director.

Vozrozhdenie Bank earned RUB 0.5 billion of net income in Q1 2017 under IFRS
RAEX has assigned ruA- rating to Vozrozhdenie Bank