Resolutions adopted at EGM

Moscow Exchange held a shareholder EGM on 14 November.

Shareholders voted to decrease the exchange"s share capital by purchasing and retiring 99,852,660 floating book entry registered ords (4.2% of the share capital). The purchase price was RUB 55 per share, which was the price at IPO and exceeds the six month weighted average price to 19 September, when the decision to hold the EGM was made.  Shareholders may tender their shares for buyback from 15 November through 30 December. 99% of shareholders voted in favour of the buyback.

It was also decided to reduce the number of Supervisory Board members from 19 to 15, increasing efficiency. The members will be elected at next year"s AGM.  99% of shareholders voted in favor of the reduction.

A new version of the exchange"s charter was approved (99% voted in favour). The main changes were a result of new versions of the federal laws on joint stock companies and regulated trading and the framework agreement between MICEX and RTS signed in 2011 being terminated following Moscow Exchange"s February 2013 IPO.

Shareholders also amended the Supervisory board"s provisions following changes to the company charter. The amendments related to the establishment of consultancy and advisory bodies, and  mean that resolutions on defining the composition of such bodies, electing chairmen and members, and approving provisions governing their activities are now adopted by a simple majority rather than the three quarters required previously. 99% of EGM attendees voted in favour of this.

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