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26 Jun 2008 14:37
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For immediate releaseMoscow,Β JuneΒ 26,Β 2008
Preliminary Results ofΒ the Annual General Shareholders Meeting ofΒ PolyusΒ Gold.Β Β
OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer,Β today announced preliminary results of the Annual general shareholders meeting (AGM) that was held in Moscow today, June 26, 2008. The AGM approved the annual report of OJSC Polyus Gold for the year 2007, as well as itsΒ 2007Β financial statements and profit and losses statement.Β
The meeting decided to allot RUR562,351,853.65 for dividend payments,Β announced dividends for the yearΒ 2007Β inΒ the amount of RUR2.95 per one ordinary share of OJSC Polyus Gold and set August 29th, 2008 as dividend payment deadline.Β
The shareholders of Polyus Gold voted FOR the amendments to the Charter of OJSC Polyus Gold, aimed at improving the Company's corporate governance. The AGM also elected the Audit Commission of the Company and approved Rosexpertiza ltd. as the Company's auditor forΒ the yearΒ 2008.Β
The meeting elected a new Board of directors of OJSC Polyus GoldΒ consisting of the following members: Valery Braiko, Robert Buchan, Lord PatrickΒ Gillford, Evgueni Ivanov, Andrey Klishas, Mikhail Prokhorov, Valery Rudakov, Ekaterina Salnikova, Evgueni Yarovikov.Β
Jenington International Inc. holding a 6.5% stake of OJSC Polyus Gold votedΒ proportionallyΒ forΒ all the candidates toΒ the Board, in accordance withΒ the Board's decision takenΒ on May 21, 2008.Β
GeneralΒ DirectorΒ of OJSC Polyus Gold Evgueni Ivanov said: "WeΒ are pleased that the institutional investors supported the election of twoΒ independent directors into the BoardΒ - Valery Braiko and Robert Buchan. Particularly, we welcome the election of Robert Buchan, known as one of the leading gold mining professionals in the world". Evgueni Ivanov alsoΒ underlined "the important role played by the Company's minority shareholders in taking today's decisions".Β
-Β EndsΒ -
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
ir@polyusgold.com
For press:
Victoria V. Vergelskaya, PR Director Elena D. Evstigneeva, Media Relations +7 (495) 641-3365 +7 (495) 544-5496
pr@polyusgold.com
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