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14 Apr 2009 09:37
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OJSC Polyus Gold (RTS, MICEX and LSE - PLZL),Β Russia's leading gold producer, today announced the decisionsΒ taken atΒ Β theΒ Meeting ofΒ the Board ofΒ Directors held onΒ AprilΒ 13, 2009.Β
The Board of DirectorsΒ pre-approvedΒ the Annual report ofΒ OJSCΒ Polyus Gold for the year 2008.
Due to lossΒ incurredΒ byΒ theΒ parent companyΒ of the Group (not consideringΒ subsidiaries and affiliated companies),Β reflected in the 2008 financial reporting prepared in compliance with the Russian Accounting Standards and arising from decrease in market value of securities on the Company's books, the Board of DirectorsΒ recommended to the Annual General Shareholders' MeetingΒ of OJSC Polyus Gold notΒ to declareΒ dividend on shares in OJSC Polyus Gold upon the 2008 Company's financial results.
In the meantime,Β the Board of DirectorsΒ instructed the Company's management to exploreΒ the possibility ofΒ declaringΒ interim dividendΒ upon the resultsΒ of the 1st half of 2009,Β consideringΒ theΒ Company's financial capacity.
OJSC Polyus Gold is Russia's leading gold producer and one of the world's largest gold companies in terms of market capitalization, minerals base and output. The Company's asset portfolio includes ore and alluvial deposits inΒ KrasnoyarskΒ Territory,Β Irkutsk, Magadan and Amur Oblasts andΒ RepublicΒ ofΒ SakhaΒ (Yakutia). Gold production of OJSC Polyus Gold totaled 1,222m oz in 2008.
For further information please contact: Anton A. Arens, PR Director +7 (495) 641-3365 +7 (495) 544-5496pr@polyusgold.comΒ
Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7 (495) 641-3377 +7 (495) 785-4031 ir@polyusgold.com
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