Moscow, Russia — April 27, 2006 — Mobile TeleSystems OJSC (“MTS” — NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces the date of its annual general meeting of shareholders and the nominees for the Company’s Board of Directors.
On April 24, 2006 MTS’ Board of Directors (BoD) set the date for the Company’s annual general meeting of shareholders (AGM) for June 23, 2006. The record date1 for the Company’s shareholders entitled to participate in the AGM and to receive dividends for 20052 has been set for May 6, 2006.
The number of members of the BoD will remain unchanged at seven. In line with the schedule provided for by MTS’ Charter, the Company’s shareholders have proposed the following nominees for election to its BoD:
From Sistema:
- Alexey Buyanov, Senior Vice President, Sistema;
- Alexander Gorbunov, Head of the Corporate Development Department, Sistema;
- Vladimir Lagutin, Member of the Board of Directors of Sistema and Sistema Telecom;
- Sir Peter Middleton GCB, independent member of MTS’ BoD;
- Helmut Reuschenbach, independent member of MTS’ BoD;
- Sergey Schebetov, General Director, Sistema Telecom;
- Vassily Sidorov, member of MTS’ BoD.
From Invest-Svyaz Holding:
- Sergei Drozdov, Director and First Vice President of Sistema and Chief of the Property Complex;
- Leonid Melamed, acting President and CEO of MTS;
- Evgeny Utkin, CEO of SITRONICS.
There were no nominations to the Company’s BoD from other shareholders.
| 1
|
If the agenda includes issues on which voting may, in accordance with the legislation of the Russian Federation, give rise to a Shareholder’s right to demand that the Company redeems shares owned by the particular Shareholder, the Board of Directors shall also determine: 1) the price to be paid for redeemed shares, corresponding to the market value thereof, determined in accordance with current legislation; 2) the procedure and periods for effecting the redemption. |
| 2
|
MTS’ BoD will decide on the recommended size of dividends for 2005 to be approved by the AGM at its meeting in May. |
|
.jpg){kind=small}
