OREANDA-NEWS. June 29, 2010. Arkhangelsk pulp and paper mill (Novodvinsk, Arkhangelsk region) will pay 575 roubles of dividends per one common share, which makes up USD18.5. This decision was taken on June 25, 2010 at the annual general meeting of shareholders.

According to the shareholders’ decision, dividends will be paid only for the previous years, while 2009 dividends will be used for replenishing working capital of the enterprise.

The meeting elected the board of directors. Pulp Mill Holding Gmb proposed Dr. Heinz Zinner, Dieter Wehowski, Wrold Emil Wroldsen, Timur Sokolov, and Valeriy Kudryavtsev, while Nikolay Zaytsev and Elena Nesvitaeva were proposed by Freelink Enterprises Limited.

Dr. Heinz Zinner was reelected as head of the board of directors of Arkhangelsk pulpmill.