United Company RUSAL PLC: Resignation of Director

11-Apr-2018 Intellasia | BusinessWire | 5:10 AM Print This Post

HONG KONG–(BUSINESS WIRE)–Regulatory News:

United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of
Hong Kong Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness
and expressly disclaim any liability whatsoever for any loss howsoever
arising from or in reliance upon the whole or any part of the contents
of this announcement.

UNITED COMPANY RUSAL PLC
(Incorporated under the laws of
Jersey with limited liability)

(Stock Code: 486)

RESIGNATION OF DIRECTOR

Reference is made to the announcements of the Company dated 9 and 10
April 2018 (the “Announcements” ). Unless the context requires
otherwise, the terms used herein shall have the same meanings as defined
in the Announcements. The Company announces that due to the inclusion of
the Company into the SDN List of the OFAC, each of Mr. Maksim Goldman
and Mr. Daniel Lesin Wolfe, non-executive directors of the Company, has
tendered his resignation as a director of the Company with effect from
10 April 2018. Mr. Maksim Goldman and Mr. Daniel Lesin Wolfe have
confirmed respectively that they do not have any disagreement with the
board of directors of the Company (the “Board”) and that there is
no other matter relating to their respective resignation which needs to
be brought to the attention of the shareholders of the Company.

According to Rule 3.10A the Listing Rules, the Company is required to
appoint independent non-executive directors representing at least
one-third of the members of the Board.

Following the resignations of Mr. Maksim Goldman and Mr. Daniel Lesin
Wolfe, the composition of the Board comprises two (2) executive
directors, seven (7) non-executive directors and five (5) independent
non-executive directors. The number of independent non-executive
directors on the Board represents more than one-third of the members of
the Board and complies with the requirement under Rule 3.10A of the
Listing Rules.

The Board would like to express its gratitude to Mr. Maksim Goldman and
Mr. Daniel Lesin Wolfe for their contribution during their terms of
office with the Company.

  By Order of the Board of Directors of
United Company RUSAL
Plc

Aby Wong Po Ying
Company Secretary

11 April 2018

As at the date of this announcement, the executive Directors are Mr.
Vladislav Soloviev and Mr. Siegfried Wolf, the non-executive Directors
are Mr. Oleg Deripaska, Mr. Maxim Sokov, Mr. Dmitry Afanasiev, Ms.
Gulzhan Moldazhanova, Ms. Olga Mashkovskaya, Ms. Ekaterina Nikitina and
Mr. Marco Musetti, and the independent non-executive Directors are Mr.
Matthias Warnig (Chairman), Dr. Elsie Leung Oi-sie, Mr. Mark Garber, Mr.
Dmitry Vasiliev and Mr. Bernard Zonneveld.

All announcements and press releases published by the Company are
available on its website under the links
http://www.rusal.ru/en/investors/hkse/,
http://rusal.ru/investors/info/moex/
and
http://www.rusal.ru/en/press-center/press-releases.aspx,
respectively.

Contacts

United Company RUSAL Plc

 


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