General Meeting of “ZTR” PJSC shareholders took place

On the February 25, 2014 the General Meeting of “Zaporozhtransformator” PJSC (ZTR) shareholders took place. At the meeting, the results of company economical activity in 2013 and work schedule for 2014 were approved.

Due to the fact that the major part of dividends per year 2012 will be still paid also in current year, the shareholders have dicided to distribute profits and pay dividends per 2013 on completion of dividend payments for the last periods. Thereby, the profit, obtained by the Company according to the results of economical activity in 2013, is remained undistributed and profit distribution should be made at the next Meeting of shareholders.

“The dividends are paid by the Company based on the results of activities for the year 2012. Unfortunately, due to a large number of shareholders – more than 42 000 – the payouts can not be realized within short period of time”, - informs the legal department of the Company.