Rostelecomís Board of Directors convenes AGM, recommends dividend payment for FY 2019 and approves nominations to the Board of Directors at its AGM
Moscow, Russia – July 6, 2020 Ė Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest digital service provider in Russia, today announces that its Board of Directors has adopted a set of decisions relating to its Annual General Meeting (the “AGM”).
- Rostelecom’s Board of Directors has approved the date and the agenda for the AGM which will be held virtually. The record date for registering voting forms was set at 7 August 2020. The persons entitled to participate at the AGM shall be determined as at 14 July 2020. AGM materials will be available on or before 7 July 2020 on the Companyís website at: https://www.company.rt.ru/ir/agm/events/gosa/detail/2019/.
- The Board of Directors has recommended that the AGM approves a dividend payment for 2019, on both ordinary and preferred shares. The total dividend payout amounts to RUB 17.5 billion (77% of the FCF for the full year of 2019), or RUB 5 per preferred share and RUB 5 per ordinary share. The record date for receiving dividends has been set at 21 August 2020.
- The Board of Directors also approved the lists of nominees to Rostelecomís Board of Directors and the Audit Committee.
The list of nominations to the Board of Directors includes the following candidates:
- Kirill Dmitriev;
- Anton Zlatopolsky;
- Sergei Ivanov;
- Alexei Ivanchenko;
- Andrei Kostin;
- Mikhail Oseevskiy;
- Vadim Semenov;
- Anton Ustinov;
- Dmitry Chernyshenko;
- Elena Shmeleva;
- Alexei Yakovizkiy.
Rostelecomís Charter stipulates that the Companyís Board of Directors should consist of 11 members.
The list of nominations to the Audit Committee includes the following candidates:
- Igor Belikov;
- Pavel Buchnev;
- Valentina Veremyanina;
- Anton Dmitriev;
- Andrei Kantzurov;
- Mikhail Krasnov;
- Anna Chizhikova.
Rostelecomís Charter stipulates that the Companyís Audit Committee should consist of 7 members.
The Board of Directors also considered other matters related to the organization and agenda of the Companyís AGM.
 Free Cash Flow (FCF) is calculated as net cash from operating activity minus CAPEX, plus proceeds from selling fixed assets and intangible assets, plus interest received, plus subsidy from government.