OREANDA-NEWS. On 26 March 2008 the Board of the Company announced that all the resolutions tabled at the Annual General Meeting of the Company held on Monday, 24 March 2008 have been passed.

Accordingly, participants of the meeting have approved Financial statements of the Company for the year 2007, Appropriation of distributable profit for the financial year 2007, and the Internal Audit Committee report. 95 % of the distributable profit for the year 2007 has been decided to direct for further company’s development (remaining 5 % are being directed to the Reserve fund of the company).

During the meeting the shareholders have also approved the results of the eighth shares issue placement in the process of which purchase agreement for additional 14.8 mln shares at par value UAH 1, for the total sum of UAH 162.8 mln has been set up, implying the total share capital from here on of UAH 114.8 mln.

Therefore a new wording of Company’s Charter approved on March 24, would be soon available on our Investor relations web site.

A new Supervisory Board has been elected as follows:
Vitaliy Antonov – Head of SB
Vasyl Danylyak – Deputy Head of SB
Andriy Kostyuk – Member of the Board
Andriy Khudo – Member of the Board
Yuriy Kuchabsky – Member of the Board
Vadym Vyshnevsky – Member of the Board
Pavlo Sheremeta – Member of the Board
Yuriy Zastavny – Member of the Board
Andris Barlots - Member of the Board