RAO UES Minority Shareholders Suggest Holding Extraordinary Meeting

Minority shareholders of RAO UES suggested the chairman of the board of directors holding an extraordinary shareholders' meeting, CEO of the National Reserve Bank Alexander Lebedev reported to RBC. According to him, minority shareholders of RAO UES managed to consolidate a 10-percent stake and to send a suggestion on holding an extraordinary shareholders' meeting to the RAO UES board of directors.

Lebedev pointed out that the major issue on the agenda was amending RAO UES's articles of association banning sales of the holding's assets. He pointed out that the necessity to hold an extraordinary shareholders' meeting on the initiative of minority shareholders was triggered by the fact that a decision on banning sales of RAO UES's assets had not been discussed at the annual general shareholders' meeting.

It is worth mentioning that the National Reserve Bank holds about 4 to 5 percent in RAO UES.

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