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01 July 2009
ARMZ Uranium Holding Co. Holds Shareholders’ Annual General Meeting
Moscow, Russia — ARMZ Uranium Holding Co. on June 30, 2009 held a shareholders’ Annual General Meeting.
The shareholders approved ARMZ’s Annual Report and annual accounting information for 2008, elected the audit committee and the corporation’s auditor. Besides, changes were made to the Provisions on the Board of Directors and the Director General to bring them in line with the corporation’s current Charter.
There have also been changes to the Board of Directors: Deputy Director General Alexander M. Lokshin of Rosatom was elected to the Board replacing Director General Alexei Grigoriev of TENEX. The other four Directors, namely, Vladimir Travin, Vladislav Korogodin, Vadim Zhivov, and Yuri Olenin, shall remain on the Board.
The shareholders also decided against payment of dividends for 2008 funneling all available profit into investment and a reserve fund (95% and 5% respectively
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