7th Apr 2008 13:09
OJSC Polyus Gold07 April 2008 For immediate release Moscow, April 7, 2008 Polyus Gold announces the results of the EGM held on April 7, 2008 OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer,today held an Extraordinary General Shareholders Meeting (EGM). 72% ofshareholders participated in the EGM. The EGM Agenda included the following items: • Amending the Charter of OJSC Polyus Gold; • Pre-term termination of the powers of the Board; and • Electing new Board members. The proposal to amend the Charter was not accepted as only 58% voted in favourrather than the necessary 75% of votes of those shareholders in attendance. The vast majority of the shareholders voted against dismissal of the Board. Morethan 96% of the shareholders did not support the pre-term termination of thepowers of the Board members. "The vote is an important endorsement of the current Board of Polyus Gold andits strategy, and demonstrates the widespread support it enjoys from theshareholders, - Evgueni Ivanov, General Director of Polyus Gold, said,commenting on the event, - I am pleased that both major shareholders andinstitutional investors supported the current Board. I would like to underlinethat minority shareholders had played a very important part in taking today'sdecisions". - Ends - Polyus Gold is the largest gold producer in Russia. Headquartered in Moscow,Polyus Gold's operating mines and development/exploration projects are locatedin five major gold mining regions of Russia - Krasnoyarsk, Irkutsk, Magadan,Amur regions and the Republic of Sakha (Yakutia). The company produced 1.2 m ozof gold in 2007. For further information please contact For investors: Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7(495) 641-3377 +7(495) 785-4031 [email protected] For press: Victoria V. Vergelskaya, PR DirectorElena D. Evstigneeva, Media Relations+7 (495) 641-3365+7 (495) 544-5496 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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