General Shareholders Meeting

The General Shareholders Meeting is the supreme governing body through which shareholders exercise their right to participate in the Company’s governance. The procedure for shareholders to participate in corporate governance, and the scope of authority, timing and procedure of the General Shareholders Meeting are defined in FESCO’s Articles of Association and Regulations on the General Shareholders Meeting as required by the applicable laws.

In 2024, three General Shareholders Meetings were held: one Annual General Meeting and two Extraordinary General Meetings convened at the initiative of Rosatom.

On 21 May 2024, an Extraordinary General Shareholders Meeting was held, at which the following resolutions were passed:

  • early termination of powers of the current Board of Directors;
  • election of a new Board of Directors;
  • approval of the revised Articles of Association;
  • approval of joining the Russian Union of Transport Companies and the Chamber of Commerce and Industry of the Russian Federation.

On 27 June 2024, an Annual General Shareholders Meeting was held, at which the following resolutions were passed:

  • election of the new Board of Directors;
  • appointment of the auditor for 2024;
  • approval of the revised Regulations on the General Shareholders Meeting;
  • approval of the revised Regulations on the Sole Executive Bodies;
  • approval of the revised Regulations on the Executive Board;

On 19 December 2024, an Extraordinary General Shareholders Meeting was held, at which the following resolutions were passed:

  • early termination of powers of the current Board of Directors members;
  • election of new Board of Directors members.

To foster the most comfortable and favourable conditions for all shareholders to exercise their rights, the Company adheres to the following recommendations of the Corporate Governance Code:

  • shareholders can propose items for the Annual General Shareholders Meeting agenda and nominate candidates to the Board of Directors within 60 days after the end of the financial year;
  • a notice of the General Shareholders Meeting is published on the Company’s website at www.fesco.com/en/ at least 30 days prior to the date of the meeting;
  • FESCO employees advise minority shareholders on exercising their rights (participation in General Shareholders Meetings and matters of inheritance, sale and purchase of shares, information requests, etc.);
  • additionally, shareholders can communicate with the Company via IR@fesco.com or the Company’s contact centre.

Shareholder register

FESCO’s shareholder register is kept and maintained by Novy Registrator JSC (perpetual licence of a professional securities market participant to maintain registers of securities holders No. 045‑13951‑000001 issued by the Federal Financial Markets Service on 30 March 2006).

The registrar is located at: 30 Buzheninova St., Bld. 1, floor/office/room 2/VI/32, Moscow, 107996.

The Far‑Eastern Branch of Novy Registrator is responsible for servicing FESCO shareholders in Vladivostok. It is located at: 28 Aleutskaya St., office 404, Vladivostok, 690000.

Information on shareholder support in other Russian cities is available at www.newreg.ru.