Extraordinary General Meeting
At the Extraordinary General Shareholders’ Meeting held on December 30th, 2013 in the form of absentee voting shareholders voted to approve the reorganization of Rostelecom in the form of a spin-off of Closed Joint Stock Company “RT-Mobile”, as well as the spin-off balance sheet and the charter of CJSC “RT-Mobile”.
Holders of ordinary and preference shares of record as of November 20, 2013 according to the Company shareholders’ register are entitled to require buyback of all or a portion of their shares by the Company, if they voted “AGAINST” the agenda item No.1 on reorganization or did not participate in the voting on this issue.
The share buyback is effected at the price determined by the Company’s Board of Directors pursuant to clause 3, article 75 of the Federal Law On Joint-Stock Companies.
The buyback price of Rostelecom shares is as follows:
- RUB 123.93 per one ordinary share;
- RUB 87.80 per one type A preference share.
Information on procedure and terms of share buyback is presented in