Evraz stockholders reelect board of directors
MOSCOW. June 13 (Interfax) - The stockholders in Russian steel major Evraz Group reelected the company board of directors at their AGM on Thursday, the company said.
Group co-owners Alexander Abramov, who chairs the board, and Alexander Frolov were reelected. Roman Abramovich's Millhouse will continue to be represented by Olga Pokrovskaya, Yevgeny Shvidler, and Yevgeny Tenenbaum.
The shareholders also voted to waive dividends for 2012 due to a deteriorating market situation, Evraz sources told Interfax. The company paid H1 2012 interim dividends of eleven cents per share. Final dividends for 2011 were seventeen cents.
Evraz's charter capital is split into 1,472,582,366 ordinary shares with par value of one dollar each.
According to the company website, the main Evraz beneficiaries are Abramovich, who has a 30.99% stake, Abramov (10.76%), Gennady Kozovoi (5.69%), Alexander Vagin (5.63%), and Shvidler (3.07%).
Evraz plc is a vertically integrated mining and metals company with enterprises in Russia, Ukraine, the U.S., Italy, the Czech Republic and South Africa. Evraz is among the top steel producers in the world based on crude steel production of 15.9 million tonnes in 2012.
