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Rostelecom | June 28, 2004 |
Rostelecom held its Annual General Shareholders Meeting on June 26, 2004
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Rostelecom (NYSE: ROS; RTS, MICEX: RTKM, RTKMP), Russia’s national long-distance telecommunications operator, today announced the results of its Annual General Shareholders’ Meeting held on June 26, 2004.
Based on the results of the ballot, the following decisions were made:
· The Company’s annual report, annual financial statements in accordance with Russian Accounting Standards (RAS), including profit and loss statement of the Company, and distribution of profits and losses upon the results of the fiscal year 2003 were approved.
· The dividend amounts for 2003 with respect to: preferred shares in the amount of RUR 3.25301 per share (10% of net profit in accordance with RAS) and ordinary shares in the amount of RUR 0.87807 per share (8,1% of net profit) was determined. Dividends on ordinary and preferred shares will be paid in pecuniary form starting from July 15, 2004 to December 15, 2004. The dividend payment procedure is determined in conformity with the shareholders’ register as follows:
- by transfer to the shareholders’ bank accounts;
- by postal orders (postal costs deducted);
- by payment through the cash office (only for Rostelecom's employees).
· New members of the Board of Directors were elected:
1. Stanislav P. Avdiyants Executive Director – Director of Economic and Tariff Policies, OJSC Svyazinvest
2. Vadim E. Belov Deputy General Director, OJSC Svyazinvest
3. Valery V. Degtyarev General Director, CJSC Professional Telecommunications
4. Dmitry Ye. Yerokhin General Director, OJSC Rostelecom
5. Stanislav N. Panchenko Deputy General Director, OJSC Svyazinvest
6. Victor A. Polischuk President of OJSC Russian Telecommunications Network
7. Irina M. Ragozina Director of Corporate Governance Department, OJSC Svyazinvest
8. Mikhail V. Slipenchouk General Director of Investment Finance Company Metropol LLC
9. Grigory M. Finger Head of Moscow Representative Office of NCH Advisors, Inc.
10. Evgeny V. Yurchenko Deputy General Director, OJSC Svyazinvest
11. Valery N. Yashin General Director, OJSC Svyazinvest
· Members of the Audit Commission were elected:
1. Konstantin V. Belyaev Chief Accountant, OJSC Svyazinvest;
2. Evgueni A. Pelymski Deputy Chief Accountant, Head of Financial reporting Department, OJSC Rostelecom
3. Irina V. Prokofieva Director of Internal audit Department, OJSC Svyazinvest.
· CJSC “Ernst and Young Vneshaudit” was approved as the Company’s external auditor for 2004 fiscal year RAS financial statements.
· The new version of the Company’s Charter was not approved.
· The new version of the Company’s Regulation on the Board of Directors was approved.
Following the Annual General Shareholders’ Meeting the meeting of the new Board of Directors was held. Valery N. Yashin, General Director of OJSC Svyazinvest, was elected as the Chairman of the Board of Directors, and Dmitry Y. Yerokhin, General Director of OJSC Rostelecom, was elected as the Deputy Chairman of the Board of Directors
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Rostelecom Headquarters
Address: 14, 1st Tverskaya-Yamskaya street, Moscow, 125047, Russia |
Phone: +7 (095) 972–82–83
Fax: (095) 787–28–50
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