OREANDA-NEWS. March 31, 2008. OAO Inguletsk Ore Mining and Processing Company (Russian abbreviation InGOK) held the general meeting of shareholders in Krivoy Rog. The shareholders and their representatives participating in the meeting had the total number of votes 2,745,163,513, which was equal to 99,765154 % of the Charter capital, reported the press-centre of SCM.

A slight increase in the Charter Fund of InGOK and of some other companies of Metinvest Group took place within the framework of completion of one more stage of SCM mining and metal business restructuring process. The changes in the companies’ charter funds are connected with the increase in the number of Metinvest Group companies as the result of recent transactions.

The participants of the meeting made the decision to increase the Charter Fund by means of additional contributions that is by increasing the number of shares at the existing nominal value by UAH2 million to UAH689 mln. 906,4 thousand; the nominal value of one share being UAH0,25.

The shareholders also made a decision to increase the Charter Fund of OAO InGOK by means of close (private) placement of shares of additional issue with the shareholders of OAO InGOK solely. It was decided not to place the shares with other investors. The shareholders also approved the manner and terms of placement of shares.

In addition, the shareholders made the decision to withdraw the Supervisory Board of OAO InGOK, which included V.V. Novinsky, O.F. Koshepenko, A.O. Sheiko, I.Y. Savchenko and A.V. Krivosheyev. From March 22nd the Supervisory Board of OAO InGOK will consist of three persons: Oleg Koshelenko, Alexander Krivosheyev and Maksim Kladikov.

The shareholders of OAO InGOK made the decision to change the composition of the Audit Committee.