October 16, 2008

Nikopol suspends shareholder meeting

Ukrainian Journal reported that Ukraine’s largest ferroalloy producer, Nikopol Ferroalloy Plant has suspended shareholder meeting amid disagreement between shareholders over the company’s management.

A source said that the meeting, which was supposed to approve a new share issue, distribution of 2006 profits and to reshuffle top management, was due. But it was suspended until October 12th 2007 due to the disagreement.