OREANDA-NEWS. On January 23rd 2007 OAO TMK’s Board of Directors resolved to convene an Extraordinary General Meeting of Shareholders in the form of a postal vote to approve the TMK Option Program.

According to the press service of the company, TMK’s Option Program provides for the possible purchase of shares by members of the Board of Directors and top managers of the Company of up to 1.1% of the total amount of ordinary shares in TMK within 3 years.

The Extraordinary General Meeting of Shareholders of the Company will be held on March 2nd 2007.