Rostelecom’s shareholders approve 2019 dividends and the new Board of Directors

Print version 10.08.2020

Moscow, Russia – August 10, 2020 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces the results of its Annual General Meeting (AGM), held on 7 August 2020.

The AGM approved Rostelecom’s Annual Report and its financial statements for the fiscal year ended December 31, 2019.

Based on Rostelecom’s 2019 results, the AGM approved that the Company’s dividend will amount to RUB 17.5 billion (77% of the FCF[1] for FY 2019), to be paid in cash, including:

• RUB 5 per Class A preferred share;
• RUB 5 per ordinary share.

The shareholders approved 21 August 2020 as the record date for receiving dividends for 2019.

The list of nominations to the Board of Directors includes the following candidates:

1. Kirill Dmitriev;

2. Anton Zlatopolsky;

3. Sergei Ivanov;

4. Alexei Ivanchenko;

5. Andrei Kostin;

6. Mikhail Oseevskiy;

7. Vadim Semenov;

8. Anton Ustinov;

9. Dmitry Chernyshenko;

10. Elena Shmeleva;

11. Alexei Yakovizkiy.

The list of nominations to the Audit Committee includes the following candidates:

1. Igor Belikov;

2. Pavel Buchnev;

3. Valentina Veremyanina;

4. Anton Dmitriev;

5. Andrei Kantzurov;

6. Mikhail Krasnov;

7. Anna Chizhikova.

Additionally, shareholders have approved annual compensation to the members of the Company’s Board of Directors and the Audit Committee, have chosen Ernst & Young LLC as Rostelecom’s auditor, have approved allocation of undistributed profit for the past years and distribution of losses for the reporting period, and have reviewed Rostelecom’s new Charter and approved the updated version thereof.