19th May 2008 07:20
Severstal Board of Directors resolutions:
Severstal's Board of Directors held on 15-16 May 2008 approved the agenda for AGM 2007:
Election of the members of the Board of Directors of OAO Severstal.
Approval of annual report, annual accounting report including income statement report.
Distribution of profit for the year ended 31 December 2007. Approval of dividends for the year ended 31 December 2007.
Approval of dividends for Q1 2008.
Election of the members of check-up committee of OAO Severstal.
Approval of an auditor of OAO Severstal.
Approval of the new edition of Charter of OAO C Severstal.
Approval of the new edition of Regulation on Board of Directors of OAO Severstal.
Inclusion of additions in decision of assigning an amount and payment of remunerations for the members of the Board of Directors of OAO Severstal.
Approval of an interested party deal (a number of related deals) between OAO Severstal and Cherepovetsky branch of a bank OAO Bank VTB Severo-Zapad to allocate company's funds into bank deposits in Russian rubles and foreign currency on the following terms: the maximum amount limited by 150,000,000,000 rubles; the minimum interest rate not lower than 3% per annum; with the limit for one deal or a several deals 15,000,000,000 rubles.
The Board of Directors recommended a dividend of 5.20 rubles per one share and per one global depositary receipt ("GDR") for Q1 2008.
The date of company's Annual General Meeting: 27 June 2008.
The location of company's Annual General Meeting: Russia, Vologda region, Cherepovets, Stalevarov str. 41, Metallurgists Palace.
Registration for Annual General Meeting starts at 10.00 a.m. (MT)
Annual General Meeting starts at 11.00 a.m. (MT)
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