VTB Bank

AGM Information • Jul 1, 2013

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RNS Number : 2359I

JSC VTB Bank

01 July 2013

PRESS RELEASE

1 July 2013

VTB announces results of Annual General Meeting

VTB Bank announced the results of its Annual General Meeting (AGM) of shareholders, which was held in St Petersburg on 28 June 2013. The shareholders approved VTB Bank's Annual Report for 2012 and Annual Financial Statements including the Profit and Loss Statement (JSC VTB Bank Profit and Loss Account) for 2012. It was decided to allocate VTB Bank profit for the year 2012 as follows:

·     Net profit to be allocated, total RUB 18,095,755,130.14;

·     Dividend payment allocations RUB 14,958,574,112.39;

·     Retained net profit RUB 3,137,181,017.75.

The shareholders made a decision to pay 2012 dividend at RUB 0.00143 per ordinary registered share of VTB Bank of nominal value of RUB 0.01, and set the following 2012 dividend payment procedure:

- The dividends are to be paid out in monetary form through crediting shareholders' bank accounts or cash payment at VTB Bank Branch OPERU-5 in St Petersburg at 30 Bolshaya Morskaya Street, St Petersburg;

- The amount of dividends accrued per one VTB Bank share shall be defined with accuracy to one kopeck. When calculating, the rounding of figures shall be based on mathematical rules;

- The dividends shall be paid out within sixty (60) days after the decision is made by the AGM of VTB Bank shareholders.

The AGM also elected the 11 members of the VTB Bank's Supervisory Council:

·     David Bonderman (independent member);

·     Matthias Warnig;

·     Yves-Thibault de Silguy (independent member);

·     Sergey K. Dubinin;

·     Andrey L. Kostin;

·     Nikolay M. Kropachev (independent member);

·     Gennadiy G. Melikyan;

·     Shahmar Movsumov (independent member);

·     Alexey V. Moisseev;

·     Elena V. Popova;

·     Alexey V. Ulyukaev.

The shareholders approved the VTB Bank Statutory Audit Committee comprising 6 members. Ernst & Young Vneshaudit was approved as VTB Bank Auditor to exercise a mandatory annual audit of VTB Bank for the year 2013.

The AGM approved the limits for interested party transactions to be entered into by VTB Bank in the course of its ordinary business.

The VTB shareholders approved the new edition of the VTB Bank Charter and authorised Andrey Kostin, VTB Bank President and Chairman of the Management Board, to sign the new edition of the Charter and the application for the approval of the new edition of the charter to be submitted to the Bank of Russia.

The shareholders also approved the new editions of the Regulation on VTB Bank Supervisory Council, the Regulation on VTB Bank Management Board and the Regulation on Preparing, Convening and Holding JSC VTB Bank General Shareholders Meetings.

The AGM also decided to terminate VTB Bank's membership in the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD).

This information is provided by RNS

The company news service from the London Stock Exchange

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