OREANDA-NEWS. OJSC Novolipetsk Steel (LSE: NLMK) announces the results of voting at the Annual General Meeting (AGM) held on June 5, 2007.

According to the press service of NLMK, in accordance with current Russian Federation Law, the Annual General Meeting of shareholders approved a transaction (loan agreement) between OJSC Novolipetsk Steel (borrower) and OJSC Stoilensky GOK (lender) for a loan amount of up to RUR 10 900 000 000 (interest rate - up to 8,5 percent per annum, repayment date - on or prior to 1 December, 2009).