OREANDA-NEWS. May 27, 2011. The regular meeting of the Board of Directors of Razgulay Group on the question of convening an annual meeting of shareholders took place. The meeting formed the agenda of the annual meeting: decisions will be made on the distribution of profits and declaring dividends for the fiscal year, election of the Board of Directors and the Audit Committee of the Company, approval of the auditor of the Company, and other issues, reported the press-centre of Razgulay Group.   

Board of Directors decided to recommend to the general meeting of shareholders not to pay dividends for the previous financial year.

"Despite the fact that Razgulay showed profits in 2010, we’ll have a long and painstaking work to improve the company's financial performance. Investments in production and the repayment of debt will boost the capitalization of the Group in the medium term which is much better for shareholders ", - said Rustem Mirgalimov, Chairman of the Board of Directors of Razgulay.