News Column

Result of AGM

June 26, 2014



NEWS RELEASE For Immediate Release - June 27, 2014 Chelyabinsk Zinc Plant Holds AGM Chelyabinsk, Russia - June 27, 2014 - On Thursday 26, Chelyabinsk Zinc Plant (LSE, MICEX: CHZN) has held its Annual General Shareholders' Meeting. Participants in the AGM, including shareholders and their representatives, control 93.6% of the Company's voting shares. Rinat Shakirzyanov, General Director of CZP, presented the annual report and CZP's financials for the year ended December 31, 2013, and Company's social and corporate policy. The AGM approved the annual report and the financial statements of JSC "CZP" for 2013. The AGM voted in favor of not declaring and distributing dividends based on the results of the 2013 financial year. Undistributed profit for 2013 at the amount of RUB 64,846 thousand to allocate for finance the priority projects of JSC "CZP". The Shareholders elected the Board of Directors in an amount of 7 members. The following persons were elected to the Board: * Vladimir Bublik (Doctor of Juridical Science, rector of the Ural State Law Academy); * Aleksandr Koval (Executive director of LLC "UCP Advisory", member of the Board of Directors of LLC "Uralmash NGO Holding") * Oleg Meluhov (PhD in Technical Sciences, director for corporate relations of the LLC "UMMC-HOLDING"); * Igor Myskin (General Director of the CJSC "Skat-Reil"); * Stanislav Naboichenko (corresponding member of the Russian Academy Of Sciences, Doctor of the Technical Science, Head of MHnFM Chair of the Ural Federal University named after First President of Russia B.N. Yeltsin); * Andrey Panshin (PhD of Technical Science, Technical Director of the LLC "UMMC-HOLDING"); * Mikhail Trofimov (Partner of UCP, Chairman of the Board of Directors of LLC "Administrator Fondov"). Also the composition of the Audit Commission in an amount of 3 members was elected. LLC "Agency "Taxes and Financial Law" and CJSC "KPMG" were nominated as independent auditors of the Company; an interested party transaction in relation to the obtaining of directors and officers liability insurance for JSC CZP was adopted; redrafted Charter of JSC CZP, redrafted Regulations on General Shareholders' Meeting of JSC CZP and redrafted Regulations on the Board of Directors of JSC CZP were adopted. About Chelyabinsk Zinc PlantChelyabinsk Zinc Plant is the leading Russian zinc producer. In 2013 the plant produced 166,357 tonnes of saleable SHG zinc. According to consolidated IFRS accounts, revenue in 2013 was RUB 13,062 mln and EBITDA was RUB 1,077 mln. Ordinary shares of CZP are traded on the Moscow exchange MICEX-RTS under ticker CHZN and Global Depository Receipts (GDR) are traded on the London Stock Exchange under ticker CHZN. Investor and Media Contacts: Natalya Vasilieva, PR, ngv@zinc.ru Tel: +7 (351) 799-01-52 Evgeny Ponomarev, IR, eyp@zinc.ru Tel: +7 963 998-55-58 END The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.




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