Results of the Annual General Meeting
17 May 2010 – Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces that at its Annual General Meeting held today in Luxembourg all the resolutions were passed.
In particular, the shareholders approved the Directors' Report and the consolidated and stand-alone financial statements for the year ending December 31, 2009, determined the level of directors’ and CEO’s remuneration and re-appointed Ernst & Young as Evraz’s external auditor.
The shareholders approved the proposal not to pay annual dividends for 2009.
At the AGM, it was decided that the number of directors be reduced from ten to nine. The shareholders expressed their gratitude to non-executive independent directors Mr Delaunois and Mr Campbell for their valuable contribution to the Company’s development.
The following directors have been appointed:
- Mr Alexander Abramov
- Mr Otari Arshba
- Mr Alexander Frolov
- Mr Karl Gruber
- Ms Olga Pokrovskaya
- Mr Terry J. Robinson
- Mr Eugene Shvidler
- Mr Eugene Tenenbaum
- Mr Gordon Toll
Mr Karl Gruber and Mr Gordon Toll are new members of the Board.
Mr Karl Gruber has extensive experience in the international metallurgical plant business. Mr Gruber held various management positions, including eight years as a member of the Managing Board of VOEST-ALPINE Industrieanlagenbau (VAI), first as Executive Vice President of VAI and then as Vice Chairman of the Managing Board of Siemens VAI. He also served as Chairman on the Boards of Metals Technologies (MT) Germany, MT Italy.
Mr Gordon Toll is chairman of FERROUS Resources Limited, an iron ore development company in Brazil. His career has included Deputy Chairman, Ivanhoe Mines and Group Mining Executive, Rio Tinto, key positions with BHP Iron Ore, followed by executive appointments with Texasgulf Inc and Atlantic Richfield Coal. Mr Toll was previously Chairman of Fortescue Metals Group Limited. Mr Toll is a member of the Australian Institute of Mining and Metallurgy (AusIMM) and a Member of the Institute of Directors [MIoD (UK)].
The Company has forwarded two copies of the resolutions passed at the AGM to the Document Viewing Facility of the UK Listing Authority, where they will shortly be available for viewing at the following address:
Financial Services Authority
25 The North Colonnade
London E14 5HS
The full text of the resolutions and details of the proxy votes received will shortly be published on the Company's website http://evraz.com/investor/shareholder_services/agm
For further information
VP, Public Relations
+7 985 122 4822
Director, Investor Relations
+7 495 232 1370