Yukos EGM cancelled
Posted: 17 December 2004
General Meetings of YUKOS' shareholders scheduled for December 20, 2004 and January 13, 2005 will not take place
In view of the ruling of the Arbitration Court of Moscow passed on behalf of Yukos shareholder Millhouse Capital, which prohibits Yukos shareholders from holding an Extraordinary General Meeting on December 20, 2004 , the planned EGM cannot now go ahead.
The Company believes the court ruling contradicts opinions previously handed down by the Supreme Arbitration Court.
This Court has frequently stated that the cancellation or prevention of any shareholders meeting by any court in Russia is unlawful.
The company will challenge the ruling of the Arbitration Court of Moscow. The Company however realizes that it is impossible to contest the above ruling by December 20, 2004.
Due to the current circumstances there is no longer a reason to hold the Yukos EGM scheduled for January 13, 2005 as the two meetings are interrelated. The Board of Directors made a decision to cancel the Extraordinary General Meeting of Yukos planned for January 13, 2005 .
For more information see www.yukos.com
Posted by Richard Price,
Editor EnergyME.com
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