News and events

13 May 2013

OJSC “Kuzbasskaya Toplivnaya Company” held the Annual General Meeting of shareholders

On April 15, 2013 the annual General meeting of shareholders of OJSC "Kuzbasskaya Toplivnaya Company" (RTS/MICEX: «KBTK»), one of the largest producers and exporters of thermal coal in Russia, took place in Kemerovo, where the annual report and the annual financial statements of the Company for 2012 were approved.

By the decision of the shareholders according to the results of 2012, RUB 496,291,775 will be forwarded for dividend payment. According to the results of the Company’s performance in 2012 dividends must be distributed at the rate of 5 RUB for one common share of nominal value of RUB 0.2 each.

Dividends distribution must be performed in accordance with the list of persons, authorized to receive dividends within 60 days from the date of making a decision of their payment.

Following the results of shareholders’ vote, the Board of Directors of OJSC "Kuzbasskaya Toplivnaya Company” will include the following candidates form the list, approve earlier by the Board of Directors:

  • Ivan Gepting – Deputy CEO, Sales of OJSC "Kuzbasskaya Toplivnaya Company”;
  • Vadim Danilov – Chairman of the Board of Directors of OJSC "Kuzbasskaya Toplivnaya Company”;
  • Igor Prokudin – CEO of OJSC "Kuzbasskaya Toplivnaya Company”;
  • Yuriy Fridman - Independent Director of OJSC "Kuzbasskaya Toplivnaya Company”;
  • Williams Alexander Arthur John - Independent Director of OJSC "Kuzbasskaya Toplivnaya Company”.

ZAO “KPMG” was approved to be the Auditor of OJSC "Kuzbasskaya Toplivnaya Company” IFRS and RAS financial statements for the year 2013.

KTK at a glance:

OJSC "Kuzbasskaya Toplivnaya Company" is one of the largest manufacturers1 and exporters of thermal coal in Russia. Production assets of the Company include three current and one projected opent-pit mines, two washing plants located in the same industrial cluster in the Kemerovo region. The company employs over 4,000 employees. Shares of OJSC "Kuzbasskaya Toplivnaya Company" are traded on the RTS/MICEX, the free float is 34.39%.

FY 2012 Financial Highlights under IFRS:

  • Revenue decreased by 3% to RUB 23,104 mln. (2011: RUB 23,939 mln.)
  • EBITDA – RUB 3,479 mln. (2011: RUB 3,911 mln.)
  • EBITDA margin – 15% (2011: 16%)
  • Net income – RUB 1,810 mln. (2011: RUB 2,018 mln.)
  • Net income margin – 8% (2011: 8%)


1 Metal Expert, January 2013.