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Hals-Development (HALS)

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Monday 22 May, 2017

Hals-Development

MEETING OF THE BOARD OF DIRECTORS AND ITS AGENDA

RNS Number : 8772F
Hals-Development PJSC
22 May 2017
 

MEETING OF THE BOARD OF DIRECTORS AND ITS AGENDA

 

MOSCOW, RUSSIA - May 22, 2017 - HALS-Development (LSE, MICEX: HALS), a major Russian real estate Company announces, that on 22 May 2017 it was decided  to convoke the meeting of the Board of Directors on 23 May 2017.

 

The Agenda includes the following questions:

1)   the recommendation for the AGSM on distribution of profits (including dividend payment) and losses of the Company as the results of activity in 2016 financial year;

2)   the convocation of the AGSM of Hals-Development (definition of the form, date, place and time of the AGSM, time of the beginning registration of people participating in the AGSM of  Hals-Development, definition of the date for drawing up a list of shareholders eligible to participate in AGSM of Hals-Development);

3)   the approval of the agenda of the AGSM of Hals-Development;

4)   definition of the address for sending the filled bulletins for vote at the AGSM, as well as the date of sending voting ballots to the shareholders of Hals-Development;

5)   the approval of the list of information (materials) provided to shareholders during preparation to the AGSM of Hals-Development and determination of the procedure of its provision;

6)   the procedure of notification of the shareholders about the AGSM of Hals-Development;

7)   the approval of the text of notification of the AGSM of Hals-Development;

8)   the approval of the form and text of voting bulletins and the wording of the decisions for the AGSM of Hals-Development.

 

Hals-Development ("the Company") is the fastest growing developing company, specializing in commercial and residential real estate; it controls all stages of development project: from making conception till the following management of the built object. The main shareholder of the Company is VTB Bank.

The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Exchange.

The company is in the top five of the largest developers in Moscow. The total value of development projects of HALS-Development is 1.6-mil sq.m. In 2016 the Company put into operation 4 projects with total area 300 thousand sq.m.: the first phase of construction of the business class residential premises of  "Nasledie"; "Wine House"; "Peking Gardens"; "IQ-Quarter" residential block (MMDC "Moscow-City").

The total value of currently developing projects by HALS-Development is about 800 thousands sq.m. Hals-Development is currently developing such projects as development of the second phase construction of the business class residential premises of "Nasledie"; multifunctional complex "Iskra-Park", non-residential towers of "IQ-Quarter" (MMDC "Moscow-City") and the residential complex "Dostoyanie".

The Company's portfolio includes such existing facilities as the business centers SkyLight, "Danilovsky Fort", hotel "Beijing", the shopping and entertainment complex "CDM at Lubyanka", resort complex "Camellia" in Sochi and other objects in Moscow and regions.

For further information please contact:

 Elizaveta Bekreneva

Corporate Secretary

Tel. +7 (495) 589-2222 (ext. 1338)

[email protected]


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The information in the press release may contain forward-looking statements regarding future events or the future financial performance of Hals-Development. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and those actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date thereof or to reflect the occurrence of unanticipated events.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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