On November 28, SBERBANK shareholders approved the resignation of president Andrei Kazmin and the appointment of German Gref to that post at an extraordinary shareholders meeting. The meeting was attended by owners of 76.48% of the voting stock. A total of 0.04% voted against Kazmin’s resignation, 0.06% abstained. During a vote for Gref, as many voted against, but fewer abstained, 0.04%. Market reaction. After the start of the meeting, SBERBANK’s ordinary shares jumped 1.5% to R101.7 per share at MICEX. But later, they fell to R101 apiece.
Source: VEDOMOSTI, November 28, 2007
