Kemerovo Koks schedules AGM for June 10
KEMEROVO. May 8 (Interfax) - The board of directors of coke and merchant pig iron producer Kemerovo Koks has scheduled the annual general meeting for June 10, the company said in materials.
The register of shareholders for the meeting will close on May 8.
The AGM agenda includes the standard items: review of the annual report and accounts, earnings distribution and dividend payment, as well as selection of the auditor, election of the new board of directors and the audit commission.
The materials do not spell out the board's recommendations to shareholders.
Koks posted a net profit of 611.449 million rubles in 2012 under Russian accounting standards compared with a loss of 1.037 billion rubles in 2011.
Charter capital is split into 330,046,400 shares, each with par value of 0.1 rubles. Koks says in materials that 85.93% of its ordinary shares are owned by the brothers Boris, Yevgeny and Andrei Zubitsky (26.77%, 32.05% and 27.11%, respectively).
Koks is part of the vertically integrated Koks Group, which specializes in producing and processing coking coal and iron ore and in producing pig iron and coke. The group comprises four operational subdivisions, which unify enterprises in various Russian regions: a coal production division, a coke division, an iron ore and pig iron division, and a powder metallurgy division. Also in the group is Kemerovo region-based CJSC Inertnik, which is a plant that produces inert dust designed to prevent and localize coal dust explosions in mines.
The Koks Group is the world's largest exporter of commercial pig iron and the leading producer of commercial coke in Russia.
The group's management company is Industrial Metallurgical Holding.