MOSCOW - (Business Wire) URALCHEM, OJSC, (
“the Company
” or
“URALCHEM
”), one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS, today announced the results of the Extraordinary General Meeting of Shareholders (EGM) of Voskresensk Mineral Fertilizers, OJSC held on September 5, 2008 .
The shareholders approved the following decisions:
- to terminate early the powers of the members of the Board of Directors
- to terminate early the powers of the members of the Audit Commission
- to approve a new version of the Regulations on the Board of Directors
- to approve BDO Yunikon, CJSC as the Company’s auditor for 2008.
The shareholders elected the following members of the Board of Directors of Voskresensk Mineral Fertilizers, OJSC:
1. Akhmet M. Alimkhanov;
2. Anton V. Vishanenko;
3. Maksim V. Volkov;
4. Mikhail V. Genkin;
5. Dmitry V. Osipov;
6. Vitaly V. Saraev;
7. Alexander I. Sukimskiy;
8. Dimitry V. Tatyanin;
9. Marina Y. Trusova.
Furthermore, the shareholders elected the following members of the Audit Commission of Voskresensk Mineral Fertilizers, OJSC:
1. Elena V. Kryukova;
2. Sergey Y. Tsykin;
3. Sergey V. Chernykh.
URALCHEM is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.7 million tonnes of ammonium nitrate, 2.2 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of compound fertilizers and 0.45 million tonnes of urea. URALCHEM is the second largest ammonium nitrate producer in the world and number one in Russia. URALCHEM’s key assets include Kirovo-Chepetsk Chemical Works, OJSC in Kirovo-Chepetsk, Kirov region with 95.43% voting shares; 95.58% of shares in Azot, OJSC in Berezniki, Perm region; 71.72% of shares in Voskresensk Mineral Fertilizers, OJSC in Voskresensk, Moscow region; 100% shares in URALCHEM-TRANS LLC, 100% shares in URALCHEM FREIGHT LIMITED.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.
URALCHEM, OJSC
Public Relations Department
tel. +7 (495) 721 89 89
andrey.kocherov@uralchem.com
www.uralchem.com
