Summary of the Annual Meeting of Shareholders of OMZ OJSC of June 30, 2010
OMZ (Uralmash-Izhora Group) – results of Annual General Meeting
OMZ (Uralmash-Izhora Group) held its Annual General Shareholders’ Meeting (AGM) in Moscow on 30 June, 2010. All resolutions put to shareholders’ vote were duly passed.
Shareholders approved the Company’s 2009 annual report and accounts prepared to Russian Accounting Standards. A decision was made not to pay dividends on common shares, while a preferred stock dividend payout for 2009 was approved in the amount of 12% of par value.
The following members were elected to the OMZ’s Board of Directors:
1. Dmitry Bakatin
2. Eugene Borisov
3. Sergey Grischenko
4. Sergey Ivanov
5. Farid Kantzerov
6. Alexey Matveev
7. Seppo Remes
8. Sergey Skaterschikov
9. Igor Sorochan
Shareholders approved the compensation of the Board members for their service in the 2009-2010 period as well as the By-law on the Compensation of the members of the Board of Directors for the 2010-2011 period. In addition, they elected a three-member Revision Commission.
Shareholders approved CJSC LHB Vneshaudit as the Company’s statutory accounts auditor and CJSC KPMG as the Company’s IFRS accounts auditor for 2010. A number of future interested party transactions with OJSC Gazprombank, OJSC Sberbank, OJSC Bank VTB North-West, OJSC Insurance company of the Gas Industry and member companies of the OMZ Group that could be executed in the normal course of business of the Company were also approved as were new revisions of the Company Charter, the By-law on the Board of Directors and the By-law on the General Shareholders’ Meeting.