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29 April 2004 01:22
Novolipetsk steel mill gains seats on mine board
SGOK, which agreed on a merger with NLMK earlier this year, said on its website that the new board includes Galina Aglyamova, who is MOSCOW. April 29 (Interfax) - Novolipetsk Metallurgical Combine (NLMK), one of Russia's biggest steel mills, got a number of representatives elected to the board of directors at Stoilensky GOK (SGOK), the country's third biggest iron ore producer, at SGOK's AGM. economics and finance director at NLMK; Alexander Kravchenko, NLMK's legal affairs director; Alexander Saprykin, board chairman at NLMK subsidiary KMAruda; Vladimir Tomayev, general director of KMAruda; Alexander Gorshkov, the general director of SGOK and a director of KMAruda; and four other directors. The shareholders accepted a dividend of 1.20 rubles for 2003, compared with 1.10 rubles for 2002 and 1 ruble for 2001. SGOK charter capital is 3.114 million rubles, consisting of 3.114 million common shares, par value 1 ruble each. Metalloinvest, which runs SGOK, has said NLMK and SGOK agreed on a merger on February 5. Shareholders swapped 59.8% of the shares in SGOK for 15.5% of the shares in NLMK, in line with an agreement. Metalloinvest got two representatives on the board of directors at Novolipetsk at an NLMK extraordinary shareholders' meeting on April 23. [RU ASIA EUROPE EEU EMRG STL MET MIN DIV MRG CORA] pr
[Interfax]
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