In July 2008 CJSC Polyus made a squeeze-out offer to the shareholders of OJSC Matrosov Mine, aimed at buying out all ordinary and preference shares of OJSC Matrosov Mine. The offer was made basing on Clause 7 of the Federal Law No7-ФЗ dated 5.01.2006 ' On the Introduction of Amendments to the Federal Law "On Joint-Stock Companies" and Certain Other Legislative Acts of the Russian Federation, as well as on Clause 84.8 of the Federal Law dated 26.12.1995 No 208-ФЗ 'On Joint-Stock Companies'.
According to the squeeze out offer, CJSC Polyus bought out all OJSC Matrosov Mine ordinary and preference nominal uncertificated shares from its shareholders at the following prices:
- RUR 56,396.83 per each ordinary share;
- RUR 4.19 per each type A preferred share.
The buy out price was determined basing on the valuation of an independent appraiser LLC "Rosexpertiza" and was confirmed by the opinion of the self-regulatory assessment organization non-commercial partnership "Self-regulatory organization of the Russian assessment masters association".
Polyus Gold is the largest gold producer in Russia. Headquartered in Moscow, Polyus Gold's operating mines and development/exploration projects are located in five major gold mining regions of Russia - Krasnoyarsk, Irkutsk, Magadan, Amur regions and the Republic of Sakha (Yakutia). The company produced 1.2 m oz of gold in 2007.
For further information please contact
For investors:
Alexey V. Chernushkin, Director, CM and IR
Evguenia V.Buydina, IR manager
+7(495) 641-3377
+7(495) 785-4031
ir@polyusgold.com
For press:
Victoria V. Vergelskaya, PR Director
Elena D. Evstigneeva, Media Relations
+7 (495) 641-3365
+7 (495) 544-5496
pr@polyusgold.com