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Evraz announces EGM results

July 25, 2006 — Evraz Group S. A. (LSE: EVR) is pleased to announce that, further to its announcement of 29 June 2006, the resolutions proposed at the Extraordinary General Meeting held on 24 July 2006 were approved by the shareholders.

The shareholders approved, inter alia, amendments to the articles of incorporation of the Company and changes to the composition of the Board of Directors.

The new Board of Directors shall consist of 9 persons and include:

  • Alexander Abramov
  • Otari Arshba
  • Bruno Bolfo
  • James Campbell
  • Alexander Frolov
  • Olga Pokrovskaya
  • Terry Robinson
  • Eugene Shvidler
  • Eugene Tenenbaum

The EGM also authorised the Board of Directors to re-appoint Mr. Valery I. Khoroshkovsky as CEO, and to delegate day to day management to the CEO. The EGM was contemplated in order to enable completion of the previously announced transaction that will result in the transfer to Greenleas International Holdings Limited of a fifty per cent interest in Lanebrook Limited, an entity controlled by the principal beneficial shareholders of Evraz Group, which, at closing, will hold around 82.67% of the share capital of the Company (the "Transaction"). The resolutions, election of new members of the Board of Directors and amendments to the articles are conditional on completion of the Transaction.

Copies of the resolutions will be submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
    UK Listing Authority
    Financial Services Authority
    25 The North Colonnade
    Canary Wharf
    London
    E14 5HS

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina

Tel: +7 (495) 232-13-70
IR@evraz.com