Notice of Extraordinary General Meeting of Shareholders
Download PDF version Printable version
Saint-Petersburg, Russia, December 30, 2008 - JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") announces that on December 30, 2008, the Company's Board of Directors (the "Board") made a decision to hold Extraordinary General Meeting ("EGM") of Polymetal's shareholders on March 27, 2009.
EGM is being convened by request of a shareholder who owns more than 10% of voting shares of the Company, and who offered to increase the numerical composition of the Board to 10 people. The current Board consists of 9 members.
According to the Board decision, EGM will begin in Polymetal's headquarters at the following address: prospect Narodnogo Opolcheniya 2, 198216, St. Petersburg, Russia, on Friday, March 27, 2009, at 10:00am Moscow time.
The Board approved the following agenda of the EGM:
1. To terminate the authorities of all members of the Board of Directors prior to expiration of their respective terms
2. To approve the numerical composition of the Board of Directors of ten members
3. To elect the members of the Board of Directors.
The Board has fixed January 11, 2008, as the record date for determining shareholders eligible for participating in the EGM. Registration of EGM participants will begin at the address stated above at 9:00am Moscow time on March 27, 2009.
The Board approved the form and method of notification to shareholders by means of written notice by no later than 70 days before the date EGM to be held.
The Board also approved the list of information to be provided to the eligible EGM participants which will be available in the Company's headquarters (room 1112) from 10am till 5pm Moscow time every day, except weekends, from March 6, 2009.
The Company would like to remind that, according to Chapter 53 of the Russian Federal Law on Joint Stock Companies, shareholders who cumulatively own more than 2% of the voting shares of the Company are eligible to nominate candidates to the Board of Directors of the Company. Such nominations should be received by the Company not later than 30 days before the date of the EGM.
Pavel Danilin
VP, Corporate Finance and Investor Relations
Tel. +7 812 344 3666
E-mail: danilin@polymetal.ru
Website: www.polymetal.ru
***
This release includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "could" or "should" or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Forward-looking statements are not guarantees of future performance. Many factors that could cause the Company's actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. These forward-looking statements speak only as at the date of this release. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.