16th Jun 2008 16:30
Press-release
|
June 16, 2008 |
Moscow |
OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer, today announced that RiskMetrics and Glass Lewis, two leading international proxy advisory firms, had issued reports in respect of voting on the forthcoming Annual General Shareholders Meeting (AGM) to be held on June 26, 2008.
RiskMetrics' and Glass Lewis' positions on most of crucial items of the Agenda were in line with the recommendations of the Board of Directors of OJSC Polyus Gold, which were given on May 21, 2008. Thus, in their reports RiskMetrics и Glass Lewis agreed with the position of the Board of Directors to approve the 2007 Annual report of OJSC Polyus Gold and the 2007 annual financial statements in accordance with Russian Accounting Standards (RAS), to pay out dividends, to amend the Charter and to approve the auditor of financial statements in accordance with RAS for the fiscal year 2008.
In respect to the election of the members of the Board of Directors RiskMetrics recommends voting for two independent candidates - Valery Braiko and Robert Buchan.
Glass Lewis recommends voting for Sergey Batekhin, Valery Braiko, Assaad Jabre, Evgueni Ivanov, Kirill Parinov, Robert Buchan, Mikhail Prokhorov, Valery Rudakov, Pavel Skitovich.
Earlier, on May 21, 2008 the Board of Directors recommended to elect Valery Braiko and Christophe Charlier as independent directors.
Evgueni Ivanov, Chief Executive of Polyus Gold, said:
"We are pleased that recommendations of RiskMetrics and Glass Lewis in respect of key items of the Agenda for the forthcoming AGM go in line with the position of Polyus' Board".
- Ends -
Polyus Gold is the largest gold producer in Russia. Headquartered in Moscow, Polyus Gold's operating mines and development/exploration projects are located in five major gold mining regions of Russia - Krasnoyarsk, Irkutsk, Magadan, Amur regions and the Republic of Sakha (Yakutia). The company produced 1.2 m oz of 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
For press:
Victoria V. Vergelskaya, PR Director Elena D. Evstigneeva, Media Relations +7 (495) 641-3365 +7 (495) 544-5496
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