Chernihivoblenergo AGM Fails to Hold Due to Absence of Quorum

Yesterday’s AGM of Chernihivoblenergo (CHEON: U/R) failed to hold: with required quorum of 60%, only 50.16% of voting shares checked in for the meeting. Alexander Paraschiy: Only 12 shareholders were registered for the AGM, among them three entities with large blocks: the State Property Fund (25%) and two offshore companies representing interest of Surkis (Lex Perfecta with 15% and Margaroza with 10%). Representatives of holders of 40% shares (Kolomoyskiy and Grygoryshyn-related Larva Ltd and Bikontia Ltd) ignored the AGM, alike in the year 2007, 2006 and 2005.