PGOK EGM Fails Again

Poltava Iron Ore’s (PGOK: HOLD) shareholders failed to hold an EGM yesterday where they were scheduled to vote on the buyback of 5.4 mln shares from a previous share issue. The company’s management said that the meeting had to be delayed while the State Securities and Exchange Commission examined whether the buyback would be legal. PGOK plans to bring up the issue at its next EGM on February 4.