Rostelecom announces results of AGM

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Moscow, Russia – June 18, 2018 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces the results of its AGM, which was held on June 18, 2018.

The AGM approved Rostelecom’s Annual Report and its financial statements for the fiscal year ended December 31, 2017.

Based on Rostelecom’s 2017 results, the AGM approved that the Company’s dividend amounting to RUB 14.050 bln, or 100% of 2017 net income in accordance with IFRS[1], is to be paid in cash, including:

  • RUB 5.05 per Class A preferred share[2];
  • RUB 5.05 per ordinary share[3].

The shareholders approved July 8, 2018 as the record date for receiving dividends for 2017.

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. Belikov Igor;
  2. Veremyanina Valentina;
  3. Dmitriev Anton;
  4. Karpov Ilya;
  5. Krasnov Mikhail;
  6. Ponkin Alexander;
  7. Chizhikova Anna.

Ernst & Young LLC was appointed as Rostelecom’s auditor for the second half of 2018 and the first half of 2019.

In addition, the shareholders approved the remuneration for members of the Board of Directors and the Audit Commission, along with new editions of the Company’s Charter, regulations on the General Shareholders’ Meeting, regulations on the Board of Directors, the President, the Management Board and the Audit Commission, as well as on the membership in the Internet of Things Association.

[1] International financial reporting standards
[2] The unrounded dividend per Class A preferred share is equal to RUB 5.045825249373
[3] The unrounded dividend per ordinary share is equal to RUB 5.045825249373