OREANDA-NEWS. Extraordinary meeting of shareholders of OJSC “Magnitogorsk Iron & Steel Works” has made a decision on reorganization of OJSC “ММК” by merger of JSC “Financial Settlement-Share Centre” to it.

According to the press-service of the company, as OJSC “MMK” owns 100 stake in JSC “Financial Settlement-Share Centre”, converting of shares of “Financial Settlement-Share Centre” in the shares of OJSC “MMK” is not carried out, and all shares of “Financial Settlement-Share Centre” will be paid during entering the record about termination of activity of JSC “Financial Settlement-Share Centre” into the uniform state register of legal individuals.

OJSC “MMK” will be the assignee of all rights and duties of JSC “Financial Settlement-Share Centre”.

The meeting of shareholders was held on November 28 in the form of absentee voting. 97,7031 % out of total number of shareholders have taken part in the meeting. 99,9710 % of those who took part in the meeting have voted for decision-making on merger of JSC “Financial Settlement-Share Centre”.