OREANDA-NEWS. May 25, 2009. The general annual meeting of shareholders of Solombala timber processing plant took place, as Solombalales Holding press service informed.

The meeting was attended by shareholders possessing jointly about 78% of securities. The report of the plant’s CEO Aleksandr Trifonov was approved. It was also decided not to pay dividends following the results of the year. Changes in the Charter are due to novelties in the federal legislation and were approved by the shareholders. The Board of Directors membership was not changed. The company chose a new auditor company, Northern Consulting & Audition Company LLC.

According to Mr Trifonov, deals approved by the shareholders are of general management character and are aimed at improving logistics of raw timber supply at the plant.