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Published on 3/16/2011 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Czech Republic's Sazka shareholders reject amendment, director removal

By Caroline Salls

Pittsburgh, March 16 - Sazka AS said that an extraordinary general meeting turned down an amendment to the company's statutes and the removal of a member of the board of directors, both proposed by three minority shareholders.

According to the company news release, the minority shareholders wanted Ales Husak removed from the board.

The meeting was held at the request of the Czech Olympic Committee, Orel, os and the Association of Sports Union of the Czech Republic.

Sazka is a Czech Republic lottery company.


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