OJSC Ilyushin Aviation Complex annual stockholders’ meeting

29 June 2016
On May 29, 2016 Open Joint Stock Company Ilyushin Aviation Complex (OJSC «IL») annual stockholders’ meeting was held.

The agenda of the given meeting was to sum up the results of the Company’s work executed in the expired year and to make the key corporative decisions.

OJSC «IL» General Director Sergey Velmozhkin informed the audience about the results of the Company’s work executed and spoke on the Company’s expected potential development.

Total revenue of the Company as of 2015 is 11.6 billion rubles being by a factor of 1.7 more than total revenue of the previous year. Comparing to 2014 Company’s net profit it increased by a factor of 3.4 which exceeds 1.47 billion rubles. The increase mentioned made it possible to pay stockholders of dividend equal to 735.2 million rubles. Company’s net wealth as of the end of fiscal year is 8138 million rubles that is 2228.2 million rubles more than as of the previous year. Dividend amount per ordinary share is 3540.45 rubles which is a maximum value over the history since Company’s foundation. The dividend amount mentioned is 30 times more than previous year amount.

The stockholders approved a decision of the Company’s Board of Directors to transfer the chief executive body functions to JSC UAC with the aim of further improvement of the Company’s business.

In the frame of the meeting the new Board of Directors of OJSC «IL» was elected: Sergey Velmozhkin, Sergey Gerasimov, Yury Kashtanov, Sergey Konosov, Vladislav Masalov, Yury Slyusar, Yury Smelter, Yury Tarasov,Viktor Tulyakov.

Board of Internal Audits members are as follows: Elena Maleta, Mikhail Morozov, Konstantin Poletaev Pavel Pronin, Alena Ryabusheva.

Company’s external auditor for 2016 is claimed to FinExpertiza.