Krasnodar, July 5, 2005: Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that on June 30, 2005 new members of UTK’s Board Committees were elected at the first meeting of the newly elected Board of Directors (Minutes ?1):
Audit Committee of the Board of Directors
Name, surname |
Place of employment and position held |
Mikhail Borisovich Vasilyev |
Chairman of the Committee
Head of the Representative Office of “NCH Advisors Inc.” |
Elena Viktorovna Zabuzova |
Director of Economic Planning and Budgeting Department, “Svyazinvest” OJSC |
Anatoly Anatolievich Gavrilenko |
Director General, “Leader” CJSC (pension fund assets management company) |
Personnel and Awards Committee of the Board of Directors
Name, surname |
Place of employment and position held |
Denis Viktorovich Kulikov |
Chairman of the Committee
Expert of Investor Protection Association (non-commercial organization), Moscow |
Stanislav Nikolaevich Panchenko |
Deputy General Director, “Svyazinvest” OJSC |
Valentina Fyodorovna Veremianina |
Head of Legal Section of the Legal Department, “Svyazinvest” OJSC |
Vladimir Pavlovich Yuriev |
Head of Economy, Finance and Public Property Board of the Federal Communication Agency |
Corporate Governance Committee of the Board of Directors
Name, surname |
Place of employment and position held |
Stanislav Nikolaevich Panchenko |
Chairman of the Committee
Deputy General Director, “Svyazinvest” OJSC |
Valentina Fyodorovna Veremianina |
Head of Legal Section of the Legal Department, “Svyazinvest” OJSC |
Denis Viktorovich Kulikov |
Chairman of the Committee
Expert of Investor Protection Association (non-commercial organization), Moscow |
Andrey Aleksandrovich Litvinov |
Deputy Director General, "Southern Telecommunications Company" PJSC |
Ekaterina Aleksandrovna Punina |
Senior specialist of the Corporate Governance Department, “Svyazinvest” OJSC |
Strategic Development Committee of the Board of Directors
Name, surname |
Place of employment and position held |
Konstantin Vladimirovich Belyaev |
Chairman of the Committee
Deputy Director General, “Svyazinvest” OJSC |
Georgy Alekseevich Romsky |
Director General, "UTK" PJSC |
Mikhail Borisovich Vasilyev |
Chairman of the Committee
Head of the Representative Office of “NCH Advisors Inc.” |
Eugheny Aleksandrovich Chechelnitsky |
Deputy head of the Federal Supervision Service in Telecommunications |
For any further information please contact:
UTK IR Team
phone + 7 861 253 20 30, fax + 7 861 253 19 69, e-mail: pmaleev@mail.stcompany.ru
UTK PR Team
phone + 7 861 259 56 99, fax + 7 861 259 56 99, e-mail: dali@mail.stcompany.ru
Southern Telecommunications Company PJSC, or UTK, is the principal provider of fixed line telecommunications for Russia’s Southern Federal District, a region covering 520 ths sq km with population of 18.7 million people. "UTK" PJSC provides various telecom services of local and long-distance telephony, broad range of value-added services (VAS) (services of Internet, IP-telephony, ISDN, VPN, CTV and others). Total revenue of "UTK" PJSC for the year 2004 is up 24% to RUR 16.8 bln, EBITDA is up 25% to RUR 4.3 bln (RAS). Number of basic telephone sets operated by "UTK" PJSC makes 4 million units. During 2004 UTK increased its market share of local fixed- line services to 83%, value-added services – to 44%.
UTK is a subsidiary of Svyazinvest holding which owns 38% of the Company’s authorized capital. UTK shares are traded in the Classic Market of NP “RTS SE” (KUBN; KUBNP), OJSC “RTS” (KUBNG; KUBNPG)), in the stock section of the Moscow Interbank Currency Exchange (MICEX) (UTEL; UTELP). One unit of American Depositary Receipt of "UTK" PJSC represents 50 common shares of the Company. UTK ADRs are traded in the US over-the-counter market (STJSY), and quoted in the over-the counter market of Frankfort and Berlin Stock Exchanges (KUE) and NEWEX (KUE).
Additional information about the Company can be accessed on the website at www.stcompany.ru, in the Information Disclosure System SKRIN Issuer, in KUBN_RU of the systems Bloomberg and Reuters as well as on the web-portal Rustocks.com.
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