Klyuchevsky Ferrous Alloys Works to Pass 2011 Dividend

‘The stockholders will probably decide not to pay the dividend for 2008 when they meet at the AGM at the end of April. This is the decision they normally make,’ the spokesperson for Klyuchevskoy Ferrous Alloys Works said to an UrBC reporter. ‘Our production output has been going down over the last few months, which is actually the case throughout the entire ferrous alloys branch. We’ve managed to avoid redundancies, however,’ the spokesperson said.

Klyuchevsk Ferrous Alloys Works decided not to declare any dividend for the year 2010. The decision was made by the company’s shareholders in the course of the annual general meeting in the village of Dvurechensk.

Klyuchevsk Ferrous Alloys Works’ stockholders decided in the course of their annual general meeting at Dvurechensk, Sverdlovsk Region, that the dividend for 2008 shouldn’t be declared. The shareholders also settled the number of the plant’s BOD members (namely, five people) and chose UGTM Audit as their independent auditor.

Serov Ferrous Alloys Works decided not to declare any dividends for the year 2010. This decision was taken at the annual general meeting in Serov, Sverdlovsk Region.

OAO Serov Ferrous Alloys Plant agreed not to pay any share dividend for the year 2009. The decision to this extent was made by the plant’s shareholders during the general meeting held in Serov, Sverdlovsk Region. During the AGM, the stockholders also agreed on the changes to the company’s Charter: the changes ensured that the number of BOD members is to come to five people.