The meeting of Zaporizhstal JSC shareholders on the basis of the results of its activities in 2009, which took place on April 2, 2010, made several decisions.
In his speech the Chairman of the Board of Zaporizhstal JSC Vitaliy Antonovich Satskiy mentioned the basic tasks for 2010: to achieve technical and economical indices of the production and economic activities not lower than the 2008 level; to optimize the sales market structure; to preserve the occupational structure and the number of work places, level of wages and social protection; to optimize the structure of costs, to improve the quality and widen the range of sold products; to provide further technical re-equipment of the Works by introducing energy saving technologies, including commissioning of the unit for PCI into the blast furnaces.
As a result of the work of the general meeting of shareholders of Zaporizhstal JSC the following decisions were taken:
• Approve the decision of the Supervisory Council regarding prolongation of the authority of the current Chairman of the Board V.A. Satskiy for a 5-year period.
• Extend the authority of the Company current Supervisory Council for 5 years.
• Due to the amendment of the active legislation alterations are to be made in the Company Statute, internal legislative instruments, and also in the Provisions regarding special structural departments.
• Losses obtained from the Works’ activity in 2009 are to be covered by reducing the undistributed profits.
• Dividends for 2010 are not to be charged.
• Transfer issuance of shares from the documentary form to non-documentary.