Moscow, June 29, 2012 � ARMADA OAO (MICEX-RTS: ARMD) hereby announces resolutions passed at the annual general meeting of shareholders (AGM) held on June 28.
The company�s shareholders approved the Annual Report and Financial Statements Report. The shareholders also passed a resolution not to pay dividends based on the results of 2011 and to allocate the undistributed earnings for business development.
Konstantin Nadenenko, a representative of Leader CJSC, which is a trust manager of significant minority stake of ARMADA�s shares, was elected as Non-executive director to the company�s board of directors. Konstantin Nadenenko is a Director for venture capital investments at the Investment Projects� Department of Leader CJSC. Otherwise, the composition of the board of directors remained unchanged and includes Alexey Kuzovkin, Igor Gorbatov (ARMADA�s general director in 2009-2011), Azer Badalov (Helios IT), Alexander Kutuzov (PM Expert), Maxim Selivanov (Soyuzinform), and Non-executive director Viktor Potekhin.
ARMADA Group�s 2012 IFRS financial results will be audited (as in the previous year) by DELOVOY PROFIL Auditing Company CJSC, which is ranked in a Top-10 Russian audit companies for 2011 by Expert Rating Agency.
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