Resolution on election of the new General Director of the Company was adopted by the Board. The appointment of Vladimir Potanin was approved unanimously. Vladimir Strzhalkovsky, who occupied this position since August 2008, resigned the office.
It was decided unanimously to hold an extraordinary shareholders meeting on January 29, 2013 to allow shareholders to examine the matter of reducing the share capital of the Company as well as of introducing amendments into its Charter.
The Board of Directors has ruled to advise the shareholders to vote in favor of reducing the share capital of the Company.
Another ruling concerned convening another in person extraordinary shareholders’ meeting on March 11, 2013. The event will focus on «Early termination of powers of the Board of Directors» and «Electing the Companys Board of Directors.»