On Thursday, May 28, via videoconference, a regular meeting of the Board of Directors of KAMAZ PTC was held under the chairmanship of Sergey Chemezov, Director General of Rostec State Corporation. It discussed issues of preparation for the annual General meeting of shareholders of KAMAZ PTC and considered a range of issues related to the company's activities.
On the current activities of KAMAZ, the members of the Board of Directors heard and took note of information on the implementation of the Business plan of the group of organizations of KAMAZ PTC for the first three months of 2020.
Based on the results of 2019, the annual report was pre-approved, and information on the composition and content of the annual accounting (financial) statements of KAMAZ PTC was taken into account. The agenda of the annual General meeting of shareholders of KAMAZ PTC, which will be held in the form of absentee voting on June 30, 2020, has been approved.
It was decided to recommend to the annual General meeting of shareholders of KAMAZ PTC that, due to the lack of net profit of KAMAZ PTC based on the results of operations for 2019, profit distribution should not be made, and dividends on shares of KAMAZ PTC for 2019 should not be paid.