print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all MMK press releases

MMK

August 31, 2007

The OJSC MMK's Extraordinary Shareholders' Meeting decided on payment of interim dividends

On August 30, 2007, an extraordinary general shareholders' meeting of OJSC MMK was held in the form of absentee voting.

The Meeting took decisions on the following:

1. Payments of dividends on placed ordinary registered shares of OJSC MMK for the first half of 2007 in the amount of RUB 0.418 per share (inclusive of tax) which corresponds to the recommendations of the Board of Directors.

2. Approval of a major transaction regarding the signing of a 10-year contract for the supply of iron ore materials between OJSC MMK and ENRC Marketing, Switzerland.

3. Reorganization of OJSC MMK in the form of the merger of MMK-Kapital into OJSC MMK.

ZAO MMK Kapital is a 100% subsidiary of OJSC MMK. At the same time ZAO MMK Kapital owns 498,495,023 registered ordinary shares of OJSC MMK, which represents 4.27 % of OJSC MMK's authorized capital.

The issue of MMK-Kapital's merger into OJSC MMK was considered as part of the MMK Group's Structure Reorganization and Optimization Program. The decision taken by the shareholders will allow to avoid cross shareholding and enhance the transparency of OJSC MMK's equity structure.

On completion of the reorganization procedure all the shares held by MMK-Kapital will be cancelled. Following the approval by the Board of Directors of the Report on the Shares' Cancellation the number of OJSC MMK's placed shares will comprise 11,174,330,000 registered ordinary shares, with the Company's Charter to be amended accordingly. This change of the authorized capital will result in the proportional increase of the weight of share packages owned by OJSC MMK shareholders.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer