Chelyabinsk Zinc Plant Holds AGM

On Friday, June 27,Chelyabinsk Zinc Plant has held its Annual General Shareholders’ Meeting. Participants in the AGM, including shareholders and their representatives, control 87.18% of the Company’s voting shares.

 

On behalf of the Board, Vsevolod Geikhman, General Director of CZP, presented the annual report and CZP’s financials for the year ended 31 December 2007.

 

The AGM approved the annual report and the financial statements, including the Profit and Loss Statement for 2007. The AGM approved the allocation of undistributed profit based on the results of the 2007 financial year to finance the priority projects established by the Board of Directors of CZP and voted in favor of not declaring and distributing dividends based on the results of the 2007 financial year.

 

Shareholders also approved Firma Audit-NAN and PricewaterhouseCoopers Audit as independent auditors of CZP for the year 2008.

 

Shareholders elected the Board of Directors and Internal Audit Commission of CZP. The following members were elected to the Board of Directors: Moiseyev Sergei Igorevich, Geikhman Vsevolod Vladimirovich, Fedorov Alexander Anatolievich, Shilov Alexei Valerievich, Christian Schaffalitzky de Muckadell, Johann Albrecht Adriaan (Hans) Bouman, Kazanbaev Leonid Alexandrovich. 

 

At the Board meeting held following the AGM, Sergei Moiseyev was re-elected as Chairman of the Board.