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2020-07-06

ROSTELECOM PJSC: Rostelecom's Board of Directors convenes AGM, recommends dividend payment for FY 2019 and approves nominations to the Board of Directors at its AGM

ROSTELECOM PJSC (RKMD)
ROSTELECOM PJSC: Rostelecom's Board of Directors convenes AGM, recommends dividend payment for FY 2019 and approves nominations to the Board of Directors at its AGM

06-Jul-2020 / 10:02 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


Rostelecom's 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 - 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").

  1. 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 Company's website at: https://www.company.rt.ru/ir/agm/events/gosa/detail/2019/.
  2. 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[1] 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.
  3. The Board of Directors also approved the lists of nominees to Rostelecom's Board of Directors and the Audit Committee.

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.

 

Rostelecom's Charter stipulates that the Company's Board of Directors should consist of 11 members.

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.


Rostelecom's Charter stipulates that the Company's Audit Committee should consist of 7 members.

The Board of Directors also considered other matters related to the organization and agenda of the Company's AGM.

* * *

Rostelecom is the largest integrated digital services and products provider, operating in all segments of the telecommunications market in Russia. The Company serves millions of households, state and private enterprises across the country.

Rostelecom is Russia's undisputed market leader, providing high-speed Internet access and pay-TV. The total number of broadband users stands at over 13.2 mln users, it has more than 10.5 mln pay-TV  customers, over 5.7 mln of which are subscribed to Rostelecom's IPTV services. Tele2 Russia, a Rostelecom subsidiary , is a major player in the mobile market with over 44 mln subscribers and the industry-leading NPS, a customer satisfaction benchmark.

In the first quarter of 2020, the Group generated RUB 121.6 bln of revenues, RUB 47.1 bln of OIBDA (38.7% of revenue) and RUB 7.7 bln of net income.

The Group is the leading provider of telecommunications services to government bodies and corporates of all levels.

Rostelecom is a key strategic innovator that provides solutions in the following fields: E-Government, cybersecurity, data-centers and cloud computing, biometry, healthcare, education and housing & utility services.

The Group's stable financial position is confirmed by its credit ratings. Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings by Fitch Ratings and Standard & Poor's respectively, and AA(RU) by ACRA.

* * *

Certain statements in this press release are forward-looking statements within the meaning of the U.S. federal...

Författare ROSTELECOM PJSC

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