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Hals-Development (HALS)

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Friday 29 May, 2015

Hals-Development

THE BOARD OF DIRECTORS RESOLUTIONS

RNS Number : 7064O
Hals-Development JSC
29 May 2015
 



THE BOARD OF DIRECTORS RESOLUTIONS

MOSCOW, RUSSIA - May 29, 2015 - HALS-Development (LSE, MICEX: HALS), a major Russian real estate Company, announces the Board of Directors resolutions passed at the meeting on 29th of May 2015 (Minutes № 9 dated May 29, 2015).

 

7 members of 7 elected members of the Board of Directors have participated at the meeting. There was a quorum on the agenda.

 

Resolutions:

 

1.   To approve the Annual Report of JSC HALS-Development for 2014 preliminary (Annex 1).

 

Voting results:

"FOR" - 7 votes; "AGAINST" - 0 votes; "ABSTAINED" - 0 votes.

 

2.   To approve the annual accounting statement of JSC HALS-Development for 2014 preliminary (Annex 2).

 

Voting results:

"FOR" - 7 votes; "AGAINST" - 0 votes; "ABSTAINED" - 0 votes.

 

3.   In case of absence of the chairman of the Board of Directors on the annual General meeting of the shareholders of the Company to appoint the member of the Board of Directors - Mr. Adamov Viktor Evgenievich as the chairman of the annual General meeting of the shareholders  of the Company.

 

Voting results:

"FOR" - 7 votes; "AGAINST" - 0 votes; "ABSTAINED" - 0 votes.

 

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 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 Interbank Currency Exchange and the Moscow Exchange.

Starting operations in 1994, Hals-Development has successfully completed about 40 projects with a total area over 400,000 square meters. Hals-Development is currently developing such projects as the "Central Children's Shop on Lubyanka", development of hotel "Peking", building of Land Plot No. 11,  MIBC "Moscow-City", selling of residential premises of   Wine House", "Nasledie", "Teatral`nyi Dom"  and other projects in Moscow and regions. In 2011-2014 the Company put into operation more than 450 thousand sq.m., this is 6 large projects - trade center "LETO" (116 thousand sq. m.), business-center  Sky-Light (110 thousand sq. m.), residential complex "Solnce" (60 thousand sq.m.) and resort "Camelia" in Sochi (53 thousand sq.m.), residential complex "Literator" (67 thousand sq.m.), "Central Children's Shop on Lubyanka" (73 thousand sq.m.). The total value of development projects of HALS-Development is 1.6 mio sq.m.

 

For further information please contact:

 

Elizaveta Bekreneva

Corporate Secretary

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

[email protected]


 

***

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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