OREANDA-NEWS. On 17 June 2008 Novorossiysk Commercial Sea Port (“NCSP”) announced that the Annual General Meeting of Shareholders of NCSP was held on 12th June 2008 in Novorossiysk.

The number of votes of shareholders that took part in the AGM (calculated at the beginning of the AGM) is 17 959 445 627, which makes up 93,25%.

According to the results of the Annual General Meeting, the following resolutions were passed:


1 To approve the annual report

2 To approve the annual accounting reports, including the Profit and Loss Report (account of profits and losses)

3 To approve the distribution of Profit as per the results of 2007

•        To pay dividends from the 2007 profit to the sum of 356 306 584.9 rubles

4 To accept the NCSP Board of Directors` proposal to pay dividends for 2007

•        To pay cash dividends for 2007 of 0.0185 rubles per one share.

•        To distribute dividends starting from September 1st, 2008

5 To elect members of the Board of Directors of NCSP:

•       Alexander A. Davydenko – chief of Federal Agency of sea and river transport of Transport Ministry of Russia

•       Georgiy A. Koryashkin – CEO of “NPV Engineering”

•        Yuriy V. Parfenov – CEO of FGUP "Rosmorport"

•       Alexander A. Ponomarenko – Chairman of the Board of Directors of NCSP

•        Sergey N. Pushkin – president of “Transkreditbank”

•       Vladimir G. Ulyanov – chief of internal control service of NCSP, prorector of Chernomorskaya Humanitarian Academy, professor of criminal procedure law department of Moscow State Law Academy

•        Alexander O. Chubarian – director of Institute of general history of RAN, president of State Universtity of Humanitarian Sciences

6 To elect members of Inspection Commission of NCSP:

•        Tatyana S. Vnukova – chief of planned-budget department of Moscow office of NCSP

•       Nadezhda E. Krasivicheva – deputy chief of financial and accounting department of Federal Agency of sea and river transport of Transport Ministry of Russia

•        Julia V. Maslova – chief of department of planning, deputy Head of Business-planning Division of Moscow office of NCSP

•        Tatyana P. Chibinyaeva – CFO of Moscow office of NCSP

•        Marina M. Yazeva – chief accountant of Moscow office of NCSP

7 To approve the Auditor of NCSP for 2008 – Deloitte & Touche

Igor Vilinov, CEO of NCSP, said: "The structure of the Board of Directors has not changed fundamentally this year. As before, it consists of representatives from various industries – businessmen, scientists, and government representatives. It is worth noting that GDR holders have also joined the voting”.

The issued share capital of NCSP is 192 598 154 rubles, which is divided into 19 259 815 400 shares of 0.01 rubles each.