Moscow, Russia – June 27, 2016 – Sistema JSFC (“Sistema” or “the Company”) (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, announces the results of its Annual General Meeting of shareholders (AGM) and meeting of the Board of Directors that took place on 25 June 2016.
The AGM approved a resolution to pay dividends for the 2015 financial year of RUB 6.47 billion (RUB 0.67 per ordinary share or RUB 13.4 per GDR of Sistema JSFC). The record date for inclusion in the shareholder register to receive the dividend will be 14 July 2016. Dividends will be paid no later than 10 business days after this date.
The AGM elected the Board of Directors of Sistema JSFC as follows:
- Vladimir Evtushenkov
- Sergei Boev
- Andrey Dubovskov
- Felix Evtushenkov
- Patrick Clanwilliam (independent director)
- Robert Kocharyan (independent director)
- Jeannot Krecké (independent director)
- Peter Mandelson (independent director)
- Roger Munnings (independent director)
- Mikhail Shamolin
- David Yakobashvili (independent director)
The AGM approved the Company's Annual Report and annual financial statements for 2015, as well as updated versions of the Charter and the Terms of Reference of the Board of Directors of Sistema JSFC.
The AGM approved CJSC Deloitte and Touche CIS as auditor of Sistema JSFC's financial statements in accordance with RAS and IFRS for 2016.
A meeting of the Board of Directors that took place after the AGM elected Vladimr Evtushenkov as Chairman of the Board of Directors and Sergei Boev as Deputy Chairman.
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