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Kazakhstan Kagazy (KAG)

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Friday 02 July, 2010

Kazakhstan Kagazy

Result of AGM

RNS Number : 6986O
Kazakhstan Kagazy PLC
02 July 2010
 

FOR IMMEDIATE RELEASE

July 2, 2010

 

 

KAZAKHSTAN KAGAZY ANNOUNCES RESULTS OF ITS AGM

 

London, United Kingdom - July 2, 2010 - Kazakhstan Kagazy plc (the "Group" or "Kagazy"), Central Asia's largest producer of paper, corrugated board and packaging, and a leading operator of commercial warehousing and industrial infrastructure facilities in Central Asia, today announced the decisions made at the Annual General Meeting of its shareholders (the "AGM") on June 30, 2010.

The AGM approved the Annual Report for the year ended 31 December 2009 together with the report of the Auditors and audited financial accounts.

The AGM re-elected Tomas Mateos Werner and Jeremy Polturak to the Board of Directors of the Company.

BDO Stoy Hayward LLP was re-appointed as Kazakhstan Kagazy's auditor for 2010.

***

Discussions with the bond holders of Kazakhstan Kagazy JSCA and other bank lenders to the Group continue. Further announcements will be made in due course.

The Board notes that if these discussions do not result in a satisfactory conclusion, the ongoing prospects of the Group will be uncertain.

 

 

For further information, please visit www.kazakhstankagazy.com or contact:

 

Kazakhstan Kagazy

Tomas Mateos Werner

Chairman

Tel: +7 727 244 8787   

 

SP Angel Corporate Finance LLP

David Facey

Tel. +44 20 7647 9650

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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