print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all North-West Telecom press releases

North-West Telecom

March 16, 2004

Conditions of the affiliation of OJSC Lensvyaz and OJSC Svyaz of Komi with OJSC North-West Telecom

On 15th April 2004, an Extraordinary General Meeting of the Shareholders of OJSC North-West Telecom will take place to consider the issue of reorganization of OJSC NWT in the form of affiliation of OJSC Lensvyaz and OJSC Svyaz of Komi with OJSC North-West Telecom.  

        The affiliation will be achieved by conversion of the shares of OJSC Lensviaz and OJSC Sviaz of the Republic of Komi into shares of OJSC N. W. Telecom , and by cession of all the rights and obligation of the affiliated companies to OJSC North-West Telecom. Shareholders of the affiliated companies will become shareholders of OJSC North-West Telecom and the shares of affiliated companies will be retired , while the affiliated companies themselves will cease to operate as independent legal entities.        

The conversion ratios are set forth in the draft Agreement of Affiliation of OJSC Lensvyaz and OJSC Svyaz of Komi with OJSC NWT and are as follows:  

  • 0.0268 common registered non-documentary shares of OJSC Lensvyaz is converted into ONE common registered non-documentary share of OJSC NWT;
  • 0.0268 preferred registered non-documentary shares of OJSC Lensvyaz is converted into ONE preferred registered non-documentary share of OJSC NWT;
  • 4.0 common registered non-documentary shares of OJSC Svyaz of Komi are converted into ONE common registered non-documentary share of OJSC NWT; and
  • 4.0 preferred registered non-documentary shares of OJSC Svyaz of Komi are converted into ONE preferred registered non-documentary share of OJSC NWT.

The calculation of the conversion ratios is based on the ratio of the assessed values of the shares of OJSC North-West Telecom, OJSC Lensvyaz and OJSC Svyaz of Komi , as well as in comparison with comparable companies and in the analysis of discounted cash flows, value of net assets and comparable transactions.       

More information is provided on the site of OJSC North-West Telecom in the section “ Investor and Shareholder”.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer