All proposals put forward by board of directors approved at the annual general meeting of ENR Russia Invest SA on 27 June 2013 Donnerstag, 27. Juni 2013 - 18:30

Annual General Meeting

The annual general meeting ("AGM") of ENR Russia Invest SA ("the Company") was convened on 27 June 2013 in Geneva.

The annual report, financial statements of the group and financial statements of the Company for the reporting year ended 31 December 2012, together with the carrying forward of retained earnings were all approved at the AGM.  

All members of the board of directors ("Board") received a discharge for the 2012 financial year and Mr. Urs Maurer-Lambrou, Dr. Walter Fetscherin and Mr. Gustav Stenbolt were re-elected to the Board. Ernst & Young was also re-elected as auditor of the Company and the group.

In accordance with the Board's recommendations, all proposals of Paramount-Finanz AG were rejected.

Chairperson

Following the AGM Mr. Urs Maurer-Lambrou was reelected as Chairman of the Company until the next AGM of the Company.

Private equity transaction closed

The private equity transaction which was announced on 22 February 2013 has closed during June 2013.  Via this transaction, the Company's Cyprus subsidiary ENR Investment Limited now has a 50% interest in a Russian flower retail business.

Contact person: Ben de Bruyn, ENR Russia Invest SA, tel: +41 22 716 1000

ENR Russia Invest is an investment company listed on the SIX Swiss Exchange. It specialises in the management of equities and equity-like investments as well as fixed income instruments in Russia, the CIS States and the Baltic States. Additional information on ENR Russia Invest SA is available on the company website www.enr.ch