9th Feb 2007 09:48
OAO TMK09 February 2007 February 9, 2007 TMK's Board calls EGM to seek Shareholder approval of Option Program On January 23rd 2007 OAO TMK's Board of Directors resolved to convene anExtraordinary General Meeting of Shareholders in the form of a postal vote toapprove the TMK Option Program. TMK's Option Program provides for the possible purchase of shares by members ofthe Board of Directors and top managers of the Company of up to 1.1% of thetotal amount of ordinary shares in TMK within 3 years. The Extraordinary General Meeting of Shareholders of the Company will be held onMarch 2nd 2007. A copy of the Notice to shareholders has been submitted to the UK ListingAuthority, and will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility, which is situated at: The Financial Services Authority 35 The North Colonnade Canary Wharf London E14 5HS OAO TMK Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and oneof the three global market leaders. TMK GDRs and common shares are traded on theLondon Stock Exchange and Russian Trading System. In 2006 the total volume of pipes shipped reached over 3 million tonnes. TMKsupplies pipes to companies in more than 60 countries. TMK production facilities are located in Russia and Romania: • Volzhsky Pipe Plant • Seversky Pipe Plant • Taganrog Metallurgical Works • Sinarsky Pipe Plant • Orsk Engineering Plant • SC TMK-ARTROM SA • SC TMK-Resita SA TMK's PR Department: Tel: +7 (495) 775-7600Fax: +7 (495) 775-7601E-mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TMKS.L