Moscow, Russia – April 11, 2019 – Cherkizovo Group (MOEX: GCHE), the largest Russian vertically integrated meat producer, announces the resolutions adopted at the Board of Directors Meeting on April 11, 2019.
At the meeting, the Board of Directors of Cherkizovo Group PJSC (hereinafter – the Company):
- Reelected Evgeny Mikhaylov as Chairman of the Board of Directors, Richard Sobel as Deputy Chairman of the Board of Directors and appointed Anastasia Bakhmacheva as Corporate Secretary of the Company.
- Approved quantitative composition and members of the Audit Committee, Personnel & Remunerations Committee and Investment & Strategic Planning Committee of the Board of Directors of the Company.
Elected three independent directors to the Audit Committee: Elliot Jones, Emin Mammadov and Filip Kegels; Elliot Jones was elected as Chairman.
Three independent directors were elected to the Personnel & Remunerations Committee: Elliot Jones, Emin Mammadov and Filip Kegels; Filip Kegels was elected as Chairman.
Six directors were elected to the Investment & Strategic Planning Committee: Rafael Fuertes, Elliot Jones, Filip Kegels, Emin Mammadov, Sergey Mikhailov and Richard Sobel; Emin Mammadov was elected as Chairman.
- Approved quantitative composition and members of the Cost Visibility and Data Capabilities Sub-Committee - 10 persons, Turkey, HoReCa and New Channels Sub-Committee - 4 persons, Strategy and M&A Subcommittee - 6 persons, Marketing and R&D Sub-Committee – 5 persons.
Elected to the Cost Visibility and Data Capabilities Sub-CommitteeElliot Jones, Ludmila Mikhaylova, Larisa Pecheritsina, Roger Jones, Ray Cheeks, Andrey Khizhnyak, Eugeny Subbotin, Maxim Zudin, Sergey Buylov and Vladislav Belyaev; Elliot Jones was elected as Chairman.
Elected to Turkey, HoReCa and New Channels Sub-Committee Emin Mammadov,Rafael Fuertes, Ray Cheeks and Mikhail Pavlinov;Emin Mammadov was elected as Chairman.
Elected to Strategy and M&A Subcommittee Evgeny Mikhaylov, Sergey Mikhaylov, Richard Sobel, Elliot Jones, Ludmila Mikhaylova and Alexey Kletsko; Richard Sobel was elected as Chairman.
Elected to Marketing and R&D Subcommittee are Filip Kegels, Viktoria Duvanskaya, Armen Pogosyan, AndreyKhizhnyak, Sergey Buylov; Filip Kegels was elected as Chairman.
- Resolved on convocation of Extraordinary General Meeting of Shareholders of the Company (hereinafter – the Meeting) to be held on May 15, 2019 by absentee voting.
Determined April 22, 2019 as the record date of persons entitled to participate in the Meeting, approved the agenda of the Meeting, procedure of notification of the Shareholders about the Meeting, wording and form of the notice of the Meeting and a list of materials provided to the shareholders in preparation for the Meeting, approved draft resolutions on the agenda issues of the Meeting recommended by the Board of Directors, form of the voting ballot, wording of the resolutions provided to nominee shareholders and position of the Board of Directors on the agenda issues of the Meeting.
- Determined the price (monetary value) of the interested part transactions that might be concluded by the Company in 2019.
- Approved conclusion of interested party transactions by the Company that may be concluded by the Company in future in the ordinary course of business of the Company.
Issues concerning the increase of the Charter Capital of the Company, approval of additional placement of shares and approval of prospectus were removed from consideration by the Board of Directors.
Wording of resolutions adopted on the agenda issues and voting results will be disclosed in the form of a corportae action notice on resolutions adopted by the Board of Directors.
For more information, please, visit the website of Cherkizovo Group www.cherkizovo.com
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