Tuapse Port’s Stocks to be Split

16 August 2007 at their extraordinary meeting the shareholders of Tuapse Commercial Sea Port voted against the early termination of the privileges of the port's director general Sergey Kozlov.



According to Interfax, the shareholders also decided to convert 165 548 common shares worth 2.1 th. rub. per share into 8 749 211 800 shares worth of 0.04 rub. per share.



Also the shareholders terminated the privileges of the counting commission and entrusted its functions to the R-Stinol company, which is the administrator of the shareholders register.