18 Jul 2008 07:12
July 18, 2008
OJSC MMK's Board Sets the Date for an Extraordinary Shareholders' Meeting
Today the meeting of OJSC MMK Board of Directors took place
The Board took a decision on calling an extraordinary shareholders' meeting on August 29, approved its agenda, and determined the format of the meeting - absentee voting. It also approved the list of information to be made available to persons entitled to participation in the meeting. The date of making the list of persons entitled to participation in the meeting is set on July 21 (at close of business).
The Board recommended to the Extraordinary Shareholders' Meeting to adopt a resolution on payment of dividends
for the 1st half of the 2008 financial year in the amount of RUB 0.382 (inclusive of tax) per ordinary share.
Additional Information on MMK:
The Magnitogorsk Iron and Steel Works OJSC is among the world's largest steel producers and is one of the leaders of Russia's steel industry.
The Company is a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of value added goods.
In 2007 the Company produced 13.3 m tonnes of crude steel, and 12.2 m tonnes of commercial products. Sales under US GAAP amounted to USD 8.2 bn, with net profit standing at USD 1.8 bn.
Contacts
MMK: Press-secretary Elena Azovsteva +7 3519 24 90 82 E-mail: azovtseva@mmk.ru
Head of IR Evgeny Kovtunov tel: +7 3519 24 93 55 E-mail: kovtunov@mmk.ru
Finsbury: Brian Cattell Peter Russell Sophia Matveeva +44 207 251 3801