Rostelecom announces results of AGM
Moscow, Russia – June 14, 2019 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest digital service provider in Russia, today announces the results of its AGM, which was held on June 14, 2019.
The AGM approved Rostelecom’s Annual Report and its financial statements for the fiscal year ended December 31, 2018.
Based on Rostelecom’s 2018 results, the AGM approved that the Company’s dividend will amount to RUB 6.961 bln, to be paid in cash, including:
- RUB 2.5 per Class A preferred share;
- RUB 2.5 per ordinary share.
The shareholders approved July 4, 2019 as the record date for receiving dividends for 2018.
The total amount of dividends paid for the 12 months of 2018, including the interim payments for the 9 months of 2018, will amount to RUB 13.9 bln, or 93% of net income in accordance with IFRS or RUB 5 per ordinary share and RUB 5 per Class A preferred share.
The shareholders also elected the following to Rostelecom’s Board of Directors:
- Ruben Aganbegyan;
- Alexander Auzan;
- Kirill Dmitriev;
- Anton Zlatopolsky;
- Sergei Ivanov;
- Alexei Ivanchenko;
- Nikolay Nikiforov;
- Konstantin Noskov;
- Mikhail Oseevskiy;
- Vadim Semenov;
- Alexei Yakovizkiy.
The AGM elected the following to the Audit Commission:
- Igor Belikov;
- Valentina Veremyanina;
- Anton Dmitriev;
- Andrei Kantzurov;
- Ilya Karpov;
- Mikhail Krasnov;
- Anna Chizikova.
Ernst & Young LLC was appointed as Rostelecom’s auditor for the second half of 2019 and the first half of 2020.
In addition, the shareholders approved the annual 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, as well as on the membership in the Association of the Self-Regulatory Organization for engineering research “Centrizyskania”.
 International financial reporting standards