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 MeetingApproved by the adjourned Annual General Shareholders Meeting on 16 November 2020, Minutes No. 53 dated 20 November 2020. as required by the applicable laws.

Meetings of shareholders in 2023
Type and form Date Agenda Quorum, %
1. Extraordinary General Shareholders Meeting held in the form of absentee voting 18 January 2023
  1. FESCO’s participation in the Russian–Chinese Business Council Association
  2. FESCO’s participation in the Russian Union of Industrialists and Entrepreneurs
  3. Approval of a new version of the Regulations on Remuneration and Compensation for FESCO's Board of Directors
  4. Approval of a major related-party transaction (a number of interrelated transactionsNo resolution was adopted on this agenda item.)
57.924351
2. Annual General Shareholders Meeting held in the form of absentee voting 30 June 2023

  1. Election of FESCO's Board of Directors

  2. Approval of FESCO's auditor for 2023

  3. Approval of FESCO’s 2022 Annual Report

  4. Approval of FESCO's 2022 annual financial (accounting) statements

  5. Profit distribution (including dividend payment) based on performance results in 2022

  6. FESCO’s participation in the Russian–Turkish Dialogue Association

  7. FESCO’s participation in the Digital Transport and Logistics Association

  8. FESCO’s participation in the CIS Business Centre for Economic Development Association

32.9088The Annual General Shareholders Meeting of 30 June 2023 was deemed failed due to no quorum present.
3. Adjourned Annual General Shareholders Meeting held in the form of absentee voting 4 August 2023 The adjourned Annual General Shareholders Meeting had the same agenda as the failed Meeting dated 30 June 2023 33.7241

In order to foster the most favourable environment for shareholders to exercise their rights, the Company adheres to the following recommendations of the Corporate Governance Code.

  • Shareholders can propose items for the General Shareholders Meeting agenda and nominees to the Board of Directors within 60 days after the end of the financial year
  • The Company’s team advises minority shareholders on exercising their rights (participation in shareholders meetings, inheritance, and sale and purchase of shares)
  • Notices of the General Shareholders Meeting are published on the Company’s website at www.fesco.ru at least 30 days prior to the date of the respective General Shareholders Meeting
  • Information on General Shareholders Meetings is available on the corporate website at www.fesco.com in the Messages for Shareholders section

Shareholder register

FESCO’s shareholder register is maintained by Novy Registrator JSC (perpetual registrar licence 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. Address: 28 Aleutskaya St., office 404, Vladivostok, 690000.

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