Moscow, Russia - February 15, 2018 - PJSC 'Cherkizovo Group' (LSE: CHE; MOEX: GCHE)(hereinafter 'Cherkizovo' or 'the Company'), the largest vertically integrated meat producer in Russia, today announces the results of its Board of Directors meeting, which was held on December February 15, 2018.

At the meeting, the Board of Directors:

  • Reviewed status of the board of directors action items.
  • Approved the amendments to the company's budget for the year 2018
  • Reviewed report of the audit committee chairman.
  • Took into consideration and approved the company's 2017 financial results.
  • Considered report of the Investment and strategic planning committee chairman.
  • Reviewed report of the personnel and remunerations committee chairman .
  • Approved 2017 KPIs performance results of the CEO of the company based on Year 2017 financial results.
  • Approved the revised key principles of 2018 annual bonus system for the members of the Management Board and company's employees (top management, the senior management and the management).
  • Resolved to call the annual general shareholders meeting on March 23, 2018 and approved the agenda of the annual general shareholders meeting.
  • Set March 1, 2018 as the record date to participate in the annual general shareholders meeting.
  • Approved procedure of notification of the shareholders of the annual general shareholders meeting.
  • Recommended to distribut of the company's net profit following 2017 results in the form of the dividends in the amount of 75.07 rubles per ordinary share of the company. Set April 3, 2018 as the record date for the dividends payment.
  • Preliminarily approved the annual report of the company.
  • Approved termination of the company's participation in legal entities.

The person responsible for the release of this announcement on behalf of Cherkizovo Group is Anatoliy Vereschagin (please see details below).

For more information please visit www.cherkizovo.com or contact

Anatoliy Vereschagin
Managing Partner
Progress Communications Agency
+7 965 334 34 34 av@progresspr.ru

Cherkizovo Group OAO published this content on 15 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 February 2018 07:35:02 UTC.

Original documenthttp://cherkizovo.com/en/press/company-news/9697/

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