16 Jun 2010 15:03
The following amendments have been made to the 'Appointment of Chairman of Board of Directors' announcement released on 16 June 2010 at 14:02 under RNS No 7272N.
In the second paragraph reference to JSC Polymetal should read Polymetal, and reference to Mr Grachev's 2009 - present position as a member of the Board of Directors of Polus-Gold and PIK Group has been included.
All other details remain unchanged.
The full amended text is shown below.
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY IN THE UNITED STATES OF AMERICA
PIK GROUP ("The Group" or "PIK")
PIK GROUP INFORMS OF APPOINTMENT OF CHAIRMAN OF BOARD OF DIRECTORS OF PIK GROUP
(LONDON, June 16 2010) - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, today informs of the appointment of Mr. Pavel Grachev as Chairman of the Board of Directors of PIK Group.
From 2008 and up to the present, Mr. Grachev has been holding the post of Managing Director of Nafta Moskva. In 2006 - 2008, he was a member of the Board of Directors of Polymetal. From 2009 and up to the present, Mr.Grachev is a member of the Board of Directors of Polus-Gold and PIK Group.
In 1998, Mr.Grachev graduated from the University of Trieste (Italy) and Saint Petersburg State University, specialty - jurisprudence.
Enquiries:
Investors PIK Group Viktor Szalkay Head of Investor Relations
| Tel: +7 495 505 97 33 ext. 1358/1315 |
International media Citigate Dewe Rogerson Tom Baldock Lindsay Noton
| Tel: +44 20 7638 9571 |
Russian media Dmitry Ivliev | Tel: +7 495 505 97 33 ext. 1010/1028 |