The largest digital services provider in Russia

Rostelecom’s Board of Directors recommends dividend payment for 2014

Print version
Return to the list

Moscow, Russia – May 15, 2015 – Rostelecom OJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that its Board of Directors has approved the agenda of the 2014 Annual General Meeting (“AGM”), which includes the recommended dividend payment for 2014.

Rostelecom’s Board of Directors has recommended that the AGM approves a 2014 dividend payment on both ordinary and preferred shares of RUB 9,452 million, which is equivalent to 32% of RAS net profit for 2014 or 25% of IFRS net profit for 2014. It is proposed that the dividends are paid in cash as follows:

  • RUB 4.05 per Class A preferred share[1];
  • RUB 3.34 per ordinary share[2].

The record date for receiving dividends has been set at July 3, 2015.

The AGM will be held on June 15, 2015 in the conference hall of the Radisson Slavyanskaya Hotel and Business Centre, Europe Square, 2, Moscow.

The 2014 AGM materials will be available on Rostelecom’s official website 20 days prior to the meeting at http://www.rostelecom.ru/ir/agm/.


[1] The unrounded dividend per Class A preferred share is equal to RUB 4,050033904632.

[2] The unrounded dividend per ordinary share is equal to RUB 3,34108279423228.