Rostelecom announces results of AGM

Print version

Moscow, Russia – June 19, 2017 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces the results of its AGM, which was held on June 19, 2017.

The AGM approved Rostelecom’s Annual Report and its financial statements for the fiscal year ended December 31, 2016.

Based on Rostelecom’s 2016 results, the AGM approved that the Company’s dividend amounting to RUB 15 bln, or 113% of 2016 FCF11, is to be paid in cash, including:

  • RUB 5.39 per Class A preferred share2;
  • RUB 5.39 per ordinary share3.

The shareholders approved July 7, 2017 as the record date for receiving dividends for 2016.

The shareholders also elected the following to Rostelecom’s Board of Directors:

  1. Aganbegyan Ruben;
  2. Auzan Alexander;
  3. Dmitriev Kirill;
  4. Zlatopolsky Anton;
  5. Ivanov Sergei;
  6. Kalugin Sergei;
  7. Oseevskiy Mikhail;
  8. Poluboyarinov Mikhail;
  9. Pchelintzev Alexander;
  10. Semenov Vadim;
  11. Yakovizkiy Alexei.

The AGM elected the following to the Audit Commission:

  1. Veremyanina Valentina;
  2. Dmitriev Anton;
  3. Karpov Ilya;
  4. Krasnov Mikhail;
  5. Musienko Oleg;
  6. Ponkin Alexander;
  7. Shevchouk Alexander.

Ernst & Young LLC was appointed as Rostelecom’s auditor for the second half of 2017 and the first half of 2018.

In addition, the shareholders approved the remuneration for members of the Board of Directors and Audit Commission along with new editions of the Company’s Charter, regulations on the General Shareholders’ Meeting, regulations on the Board of Directors, regulations on the President and the Management Board as well as a number of other items on the agenda.

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For more information please visit www.rostelecom.ru/en/ir or contact:

Investor Relations Department

Tel. +7 (499) 995 97 80

ir@rt.ru



1 The Free Cash Flow shall mean the net cash from operating activities, (1) net of cash paid for purchase of property, plant and equipment and intangible assets, (2) plus proceeds from sale of property, plant and equipment and intangible assets. Free Cash Flow shall be determined according to the Cash Flow Statement of the Company consolidated financial statements pursuant to requirements of the International Financial Reporting Standards;

2 The unrounded dividend per Class A preferred share is equal to RUB 5,387002045593

3 The unrounded dividend per ordinary share is equal to RUB 5,387002045593