The quorum for holding the meeting of the Board of Directors of the PJSC Rosseti Moscow Region exists.
Voting results:
On the issue No. 1, the resolution was taken by the majority of voters of the members of the Board of Directors participating in the meeting.
On the issue No. 2, the resolution was taken by the majority of the members of the Board of Directors participating in the meeting.
On the issue No. 3 the resolution was taken by the majority of voters of the members of the Board of Directors participating in the meeting.
On the issue No. 4 the resolution was taken by the majority of voters of the members of the Board of Directors participating in the meeting.
On the issue No. 5, the resolution was taken by the majority of the members of the Board of Directors participating in the meeting.
On the issue No. 6, the resolution was taken by a two-thirds majority of the members of the Board of Directors participating in the meeting.
On the issue No. 7, the resolution was taken by a two-thirds majority of the members of the Board of Directors participating in the meeting.
On the issue No. 8, the resolution was taken by a two-thirds majority of the members of the Board of Directors participating in the meeting.
On the issue No. 9, the resolution was taken by the majority of the members of the Board of Directors participating in the meeting.
On the issue No. 10, the resolution was taken by the majority of the members of the Board of Directors participating in the meeting.
On the issue No. 11 the resolution was taken by the majority of voters of the Board of Directors participating in the meeting.
On the issue No.12 the resolution was taken by the majority of voters of the Board Directors participating in the meeting.
On the issue No. 1:
1. To take into consideration the report of the implementation of the Innovation Development Program of PJSC Moscow United Electric Grid Company for 2019 in accordance with Annex 1 to this decision of the Board of Directors of the Company.
2. Pursuant to Annex 2 hereto, the Board of Directors of the Company shall note the failure to meet the business plan indicators for 2019 and implementation of key operational risks that significantly affected the Company's operations.
3. Instruct the General Director of PJSC Rosseti Moscow Region to provide:
3.1. qualitative planning of expenses related to registration of rights in preparation of business plan for the next period;
3.2. taking measures to minimize the risks associated with refusals to enter into the Unified State Register of Protection Zones of power grid facilities with voltage class up to 20 kV inclusive;
3.3. use of overdraft credit mechanism for the purposes of working capital management of the Company.
On the issue 2:
1. To adopt the report on the results of the implementation of the Investment Program of PJSC Moscow United Electric Grid Company for 2018 in accordance with Annex 3 to this resolution of the Board of Directors of the Company.
2. Note deviation of actual parameters of investment program execution from the planned parameters for 2019 in accordance with Annex 4 to this resolution of the Board of Directors of the Company.
3. To entrust the Sole Executive Body of the Company:
3.1. Submit an issue to the Board of Directors of PJSC Rosseti Moscow Region on the reasons for deviation of actual parameters of the investment program implementation from the planned parameters for 2019;
3.2. To provide the Board of Directors of PJSC Rosseti Moscow Region with explanations of an identified violation of the resolution of the Board of Directors of Rosseta Moscow Region dated 01.30.2019 (Minutes No. 375).
On the issue No. 3:
To take into consideration the progress report on the implementation of the investment projects included in the priority object list for the 1st quarter of 2020 in accordance with Annex 5 to this Resolution of the Board of Directors of the Company.
On the issue No. 4:
To take into account the report of the General Director of PJSC Rosseti Moscow Region on implementation of the decisions of the Board of Directors of PJSC Rosseti Moscow Region in the 1st quarter of 2020 in accordance with Annex 6 to this resolution of the Company's Board of Directors.
On the issue No. 5:
1. Approve the new version of the Company's Corporate Identity Management Regulations in accordance with Annex 7 to this resolution of the Company's Board of Directors.
2. Establish that the resolution of the Company's Board of Directors dated June 28, 2019. (Minutes No. 394 dated July 1, 2019) is effective only to the extent not contradicting Clause 1 of this Board of Directors resolution.
3. This resolution of the Company's Board of Directors shall be effective from the effective date of amendments to the Company's Charter made by resolution of the annual General Meeting of Shareholders of 29 May 2020. (Minutes No. 23 dated June 1, 2020).
On the issue No. 6:
1. To entrust representatives of PJSC Rosseti Moscow at the Board of Directors of JSC MOESK-Engineering on the agenda "On Approval of the Business Plan of MOESK-Engineering JSC for 2020 and Forecast Indicators for 2021-2024" to vote FOR the following resolution:
"To approve the Business Plan of JSC MOESK-Engineering for 2020 and forecast indicators for 2021-2024 in accordance with the Annex to this decision of the Board of Directors of the Company".
2. To entrust the General Director of JSC MOESK-Engineering with the development strategy of JSC MOESK-Engineering and submit it to the Board of Directors of PJSC Rosseti Moscow Region for consideration.
On the issue 7:
To entrust representatives of PJSC Rosseti Moscow Region at the Board of Directors of MOESK-Engineering JSC on the agenda "On consideration of the report on credit policy of JSC MOESK-Engineering for 2019" to vote FOR the following resolution:
1. To take note of the report on the Company's credit policy for 2019 in accordance with the annex to the resolution of the Board of Directors.
2. To mark:
2.1. failure to comply with the maximum allowable limits on medium-term liquidity, debt coverage and debt service, as well as the target limit on financial leverage.
2.2. To note a violation of the Regulation on the credit policy of the Company in terms of the requirement to bring the debt position of the Company in accordance with all established limits on the debt position within one calendar year from the reporting date on which the actual excess of the limit / s is recorded.
3. To authorize the General Director of the Company:
3.1. to ensure development and approval by the Board of Directors of the Company of the Plan of prospective development of JSC MOESK-Engineering in accordance with the requirements of the Regulation on Credit Policy of JSC MOESK-Engineering.
End of the term:
April 30, 2021.
3.2. To entrust the General Director of the Company to ensure compliance with the requirements of the Regulation on credit policy approved by the Board of Directors of the Company.
On the issue 8:
To entrust the representatives of the Company at the meeting of the Board of Directors of JSC MOESK-Engineering on the agenda:
"On approval of the credit plan of JSC MOESK-Engineering for the 3rd quarter of 2020" to vote FOR the following resolution:
To approve the credit plan of JSC MOESK-Engineering for the 3rd quarter of 2020.
On the issue 9:
To approve the list of investment projects subject to technological and price audit in 2020 in accordance with Annex 3 to this resolution of the Board of Directors of the Company.
On the issue 10:
To take into account the report on the results of the performance of the Reliability Committee of the Board of Directors of PJSC Rosseti Moscow Region during the 2019-2020 corporate year in accordance with Annex 9 to this Resolution of the Board of Directors of the Company.
On the issue 11:
1. To approve the execution of a charitable assistance transaction by PJSC Rosseti Moscow Region in accordance with Annex 10 to this Resolution of the Board of Directors of the Company.
2. To instruct the Sole Executive body of PJSC MOESK to provide funding for sponsorship without reducing the planned indicators for the financial result and the amount of dividend payments, taking into account the unconditional implementation of the indicator of reducing specific operating expenses (costs) for 2020.
On the issue 12:
To take into account the proposals on the planned values of reliability and quality indicators of services for the long-term period from 2023 to 2025 in accordance with Annex 11 to this resolution of the Board of Directors.
2.3. Date of the issuer’s Board of Directors Meeting, at which the relevant decisions were adopted:
September 22, 2020.
2.4. Date and number of the minutes of the Issuer’s Board of Directors meeting, at which the relevant resolutions were adopted:
September 24, 2020, minutes No. 450.