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Rostelecom announces results of AGM

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Moscow, Russia – June 21, 2016 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces the results of its AGM, which was held on June 21, 2016.

The AGM approved Rostelecom’s Annual Report and its financial statements for the fiscal year ended December 31, 2015.

Based on Rostelecom’s 2015 results, the AGM approved that the Company’s profit should be distributed as follows:

  1. The Company’s equity capital is to be increased by RUB 5,093,012 thousand;
  2. A dividend amounting to RUB 16,471,500 thousand, or 75% of 2015 FCF1, is to be paid in cash, including:

    • RUB 5.92 per Class A preferred share2;
    • RUB 5.92 per ordinary share3.

The shareholders approved July 8, 2016 as the record date for receiving dividends for 2015.

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. Irzhevsky Mikhail;
  6. Ivanov Sergei;
  7. Kalugin Sergei;
  8. Milyukov Anatoly;
  9. Poluboyarinov Mikhail;
  10. Pchelintzev Alexander;
  11. Semenov Vadim.

The AGM elected the following to the Audit Commission:

  1. Veremyanina Valentina;
  2. Vasilichenko Alexander;
  3. Garshin Vasily;
  4. Karpon Ilya;
  5. Krasnov Mikhail;
  6. Ponkin Alexander;
  7. Shevchouk Alexander.

The AGM approved the agreement on liability insurance for the Company’s Board of Directors and executives.

Ernst & Young LLC was appointed as Rostelecom’s auditor for 2016 and the first half of 2017.

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, as well as a number of other items on the agenda.


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 5.915466946266

3 The unrounded dividend per ordinary share is equal to RUB 5.915466946266