Annual Report 2010 - Baltika Breweries

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Baltika Breweries | Annual report 2010
Information disclosure requirements:
A Provision on information policy was adopted to define
rules and approaches for information disclosure. On the
Company’s corporate web site (www.corporate.baltika.
ru), official information regarding corporate activity
is published; other information is also regularly disclosed
on the site. In addition to this, information that requires
compulsory stock market disclosure is published on
the Interfax newswire. Izvestia newspaper is the official
print media outlet that the Company uses to inform
shareholders about convening general meetings.
The Company’s Board of Directors approved the Provision
on insider information, which refers to information that
is not publicly available and the disclosure of which may
substantially affect the market price of the Company’s
securities.
General Shareholders Meeting
The General Shareholders Meeting is the Company’s
supreme management body. In full accordance with
applicable laws and the Company’s charter, the
following issues fall under the competency of the
General Meeting:
Introducing amendments and alterations to the
Charter or adopting a new edition of the Charter
(except in cases indicated in the Russian law “On
joint stock companies”);
Corporate re-organization;
Liquidating the Company, appointing a liquidation
commission and approving intermediate and final
liquidation balances;
Defining the number of members on the Company’s
Board of Directors, electing its members and early
terminating their powers;
Determining the number, nominal value and category
(type) of authorized shares and rights granted by
these shares;
Increasing charter capital through a higher nominal
share value. Upping charter capital by placing
additional shares only in those cases, when in full
accordance with Russian legislation, such resolutions
can only be adopted by the General Meeting;