V. Izrailit noted while commenting on the new Board composition that quite a number of people in it represent the sector of banking and investment. He noted, “This is not accidental. When we are speaking today about future and development strategy of Ust-Luga Company, we understand that work with investment financial institutions for the purpose of bringing funds into our projects will be of high priority to us. Infrastructural projects are highly intensive in terms of capital and have lengthy repayment terms. Therefore the issues of credit portfolio formatting and investments raising remain strategic for us.”

Chairman of Company’s Board of Directors specifically drew attention to two bankers, that is Ya. Tavrovsky and V. Egiazarov, being independent directors.

V. Izrailit also informed that the meeting of shareholders made decision to pay dividends at the rate of RUR 379 per ordinary share, amounting in total to nearly RUR28m. He said, “Dividends were paid for the first time during the history of company's existence. This is a very important and knowledgeable decision for us. We are attempting to become a more public and more open company transparent for investments. This is a highly important step in our history. We will continue pursuing the trend of interaction with out financial partners, relying on such openness, transparency and presence of corporate dividend policy.”

A part of funds was also channeled for charity purposes, remuneration paid to the Board of Directors' members and internal audit committee members. The composition of the latter remained the same as compared to the last year.

Source: Logistic.RU