Decisions of the Board of Directors
RNS Number : 5211D
16 May 2012
16 May 2012
Notice of the Decisions of the Board of Directors
On 16 May, 2012, the Board of Directors of JSC TransContainer (TRCN) (the "Company") resolved:
To recommend the Annual General Meeting of Shareholders to establish the following distribution of the Company's net income for the year 2011 under RAS:
Indicator name Amount, RUB
Net profit for 2011 amounting to 3,480,787,926.23
shall be distributed as follows:
Reserve Fund 174,039,396.31
Sponsoring and beneficent aid 174,039,396.31
Remuneration of the members of the Revision Commission 720,610.00
To recommend the Annual General Meeting to increase the dividend payout ratio for 2011 to 35% of TransContainer's net income for the year 2011 under RAS.
To recommend the Annual General Meeting to pay dividends in the amount of RUB 87.68 per one ordinary share on or before 26 August, 2012.
The decision was made in connection with significant overrun of the Company's actual 2011 net income with respect to the planned value. The decision will not affect Company's investment plans.
One TransContainer's ordinary share corresponds to ten GDRs. The GDR record date for the dividends is 14 May, 2012.
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