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Results of Extraordinary General Meeting of Shareholders

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Results of Extraordinary General Meeting of Shareholders

July 31, 2009 – Following the successful placement by Evraz Group (LSE: EVR) (“Evraz” or the “Company”) of convertible bonds and shares (represented, in part, by global depositary receipts) announced on July 9, 2009, followed by the full exercise of the related overallotment option, an extraordinary general meeting of Evraz’s shareholders was held on July 31, 2009.

The decisions taken at the meeting include:

  • Ratification of the issuance by the Board of Directors of the new shares and the convertible bonds;
  • Increase of the authorised share capital by EUR200,000,000 resulting in a new authorized capital (including the issued share capital) amounting to EUR514,408,652, represented by 257,204,326 shares of EUR2.0 each;
  • Extension for an additional 5 year period of the authorisation of the Company’s Board of Directors to issue further shares within the authorised share capital with or without an issue premium with the power to limit or cancel the preferential subscription rights of existing shareholders and to determine the conditions of subscription for the new shares; and
  • Authorisation of the Company and other companies in the Company’s Group to purchase, acquire or receive shares and/or GDRs representing up to 10% of the Company’s issued share capital.

The complete text of the resolutions adopted by the extraordinary general meeting is available from the Company.