18th Jun 2007 07:32
OAO Severstal18 June 2007 SEVERSTAL For Immediate Release18 June 2007 OAO Severstal - Result of AGM At Annual General Meeting held on 15 June the following resolutions were passed: 1. Elect A.A. Mordashov, M.V. Noskov, A.N. Kruchinin, V.A. Makhov, V.A. Shvetsov, Christopher Clark, Ronald Freeman, Peter Kraljic, Martin Angle, and Rolf Stomberg to the Board of Directors of OAO Severstal; 2. Approve the Annual Report, Annual Accounting Statements, including the Income Statement ; 3. Allocate profit based on financial year results. Dividends for the 2006 results to be paid in the amount of five (5) rubles per one ordinary registered share. Profit based on 2006 results not earmarked for the payment of dividends for the 2006 results shall not be allocated; 4. Elect (appoint) Alexey Alexandrovich Mordashov, Chief Executive Officer of OAO Severstal, for a period of three (3) years; 5. Approve OAO Severstal Charter (new version)); 6. Approve the Regulations for OAO Severstal Board of Directors (new version); 7. Elect Roman Ivanovich Antonov, Alexei Igorevich Guryev, and Sergei Nikolayevich Fedoseyev to the OAO Severstal Inspection Commission; 8. Approve CJSC KPMG as OAO Severstal's Auditor; 9. Approve the interested-party transaction (a number of interrelatedtransactions) between OAO Severstal and OAO Promishlenno-Stroitelniy Bank(Bank), PSRN 1027800000271 for the placement of temporarily surplus funds indeposit (deposits) in the RF currency and foreign currency at an interest rateof no less than 3 % per annum within the limits of the amount of One hundredfifty billion (150 000 000 000) rubles This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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