Minutes of 18.11.2008 №67

MINUTES No. 67

OF THE BOARD OF DIRECTORS MEETING


Date and time of the Board of Directors meeting

(date and time of vote counting):                                       November 18, 2008, 6:00 p.m.

                                                                                     (Moscow time)

Minutes Dated:                                                                 November 20, 2008

Site of vote counting:                                                        Mosсow, Arkhitektora Vlasova Str., 51

Number of elected members of the Board of Directors           13

Members of the Board of Directors present at meeting:          V. Yu. Sinyugin 

                                                                                      D. S. Akhanov 

                                                                                      B. I. Ayuev

                                                                                      S. Yu. Vyazalov

                                                                                      Yu. M. Medvedev

                                                                                      D. V. Ponomarev

                                                                                      A. N. Rappoport

                                                                                      Seppo Remes

                                                                                      Yu. A. Udaltsov

                                                                                      Ya. M. Urinson

                                                                                      R. Z. Khamitov

                                                                                      A. V. Sharonov


In compliance with the Federal Law on Joint-Stock Companies and the company's Articles of Association the quorum for conducting the Board of Directors Meeting is present.


AGENDA OF THE BOARD OF DIRECTORS MEETING:

 

1. Approval of a decision on additional release of the company's securities.

2. Approval of the company's Prospectus.


Additional point on the agenda:

 

3. Determining the offering price for additional company shares.



RESULTS OF VOTING ON AGENDA:

 

Matter 1: Approval of a decision on additional release of the company's securities.


Decision:

To approve the decision on the (additional) release of the company's securities in accordance with Appendix 1.

 

Voting results:

"For" - 10 (V. Yu. Sinyugin, D. S. Akhanov, B. I. Ayuev, Yu. M. Medvedev, D. V. Ponomarev, A. N. Rappoport, Yu. A. Udaltsov, Ya. M. Urinson, R. Z. Khamitov, A. V. Sharonov)

"Against" - 0

"Abstained" - 2 (S. Yu. Vyazalov, Seppo Remes)

Decision made.


 

 

Matter 2: Approval of the company's Prospectus.


Decision:

Approve the Prospectus of the company's securities in accordance with Appendix 2.


Voting results:

"For" - 10 (V. Yu. Sinyugin, D. S. Akhanov, B. I. Ayuev, Yu. M. Medvedev, D. V. Ponomarev, A. N. Rappoport, Yu. A. Udaltsov, Ya. M. Urinson, R. Z. Khamitov, A. V. Sharonov)

"Against" - 0

"Abstained" - 2 (S. Yu. Vyazalov, Seppo Remes)

Decision made.

 


 

Matter 3: Determining the offering price for additional company shares.


Decision:

Determine, in accordance with articles 36 and 77 of the Federal Law on Joint-Stock Companies, the offering price of additional ordinary shares of the company (including that for the persons put in the list of persons having the pre-emptive right to purchase additional shares) to the amount of 1 (one) ruble per 1 (one) additional ordinary registered share (that corresponds to its nominal value).

 

Voting results:

"For" - 9 (V. Yu. Sinyugin, B. I. Ayuev, Yu. M. Medvedev, D. V. Ponomarev, A. N. Rappoport, Yu. A. Udaltsov, Ya. M. Urinson, R. Z. Khamitov, A. V. Sharonov)

"Against" - 1 (Seppo Remes)

"Abstained" - 2 (D. S. Akhanov, S. Yu. Vyazalov)

Decision made.



Questionnaires of the members of the Board of Directors are attached.





Chairman of the Board of Directors                                   V. Yu. Sinyugin


Secretary of the Board of Directors                                   M. M. Davydov

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