OJSC Power Machines – ZTL, LMZ, Electrosila, Energomachexport held Annual General Meeting of Shareholders in Moscow earlier today.
The shareholders approved the annual report and financial statements of the Company for 2003.
Besides the shareholders approved the transactions with OJSC Kaluga Turbine Works, OJSC Rosbank, JSC Atomstroyexport which can be effected in the future economic activities of the Company.
The shareholders decided not to pay out dividends for 2003 and to use profits for development of the Company.
Rosexpertiza was approved as the auditor of the Company financial reports.