30th Apr 2007 07:05
OJSC Polyus Gold30 April 2007 For immediate release Moscow, April 28, 2007 Polyus Gold Board of Directors sets the date for the AGM, gives its recommendations on dividends' payment for 2006. OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer,today announced the decision taken at a Board Meeting of Directors held on April27, 2007, to convene the Annual General Meeting (AGM) of Shareholders on June29, 2007. The Board set May 11, 2007 as the record date for the AGM. The Board of Directors also took a decision to recommend at the forthcoming AGM,a dividend award for the year 2006 to the value of 3.23 Russian rubles per 1ordinary share, allocating 615,727,622.81 Russian rubles for the purpose of thisdividend payment. Furthermore, Evgueni Ivanov, Polyus Gold CEO, tendered his resignation to theBoard, to become effective from May 28th 2007. The motivation behind thisdecision is to enable him to head up a new project, concentrating on explorationand development of gold deposit licenses held within OJSC Polyus Exploration.The Board of Directors has scheduled a further meeting to consider this andassociated matters for May, 14th 2007. Further announcements will be made atthat time. The Board also approved the agenda of the AGM, as well as the documents to beprovided for the persons entitled to take part in the Annual General Meeting(the documents will be available at the Company's web-site starting from May 28,2007). Note for editors: Polyus Gold is the largest gold producer in Russia. In 2006 its gold outputtotalled 1.2 million ounces. Headquartered in Moscow, Polyus Gold's operatingmines and development/exploration projects are located in five major gold miningregions of Russia - Krasnoyarsk, Irkutsk, Magadan, Amur regions and the Republicof Sakha (Yakutia). For further information please contact Denis Davydov Head of Investor and Public Relations Tel.: +7 (495) 641 33 65 E-mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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