PJSC ROSTELECOM / AGM Statement
ROSTELECOM ANNOUNCES RESULTS OF AGM
Moscow, Russia - June 19, 2017 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia's national telecommunications operator, today announces the results of its AGM, which was held on June 19, 2017.
The AGM approved Rostelecom's Annual Report and its financial statements for the fiscal year ended December 31, 2016.
Based on Rostelecom's 2016 results, the AGM approved that the Company's dividend amounting to RUB 15 bln, or 113% of 2016 FCF1 1, is to be paid in cash, including:
- RUB 5.39 per Class A preferred share 2;
- RUB 5.39 per ordinary share 3.
The shareholders approved July 7, 2017 as the record date for receiving dividends for 2016.
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. Ivanov Sergei;
6. Kalugin Sergei;
7. Oseevskiy Mikhail;
8. Poluboyarinov Mikhail;
9. Pchelintzev Alexander;
10. Semenov Vadim;
11. Yakovizkiy Alexei;
The AGM elected the following to the Audit Commission:
1. Veremyanina Valentina;
2. Dmitriev Anton;
3. Karpov Ilya;
4. Krasnov Mikhail;
5. Musienko Oleg;
6. Ponkin Alexander;
7. Shevchouk Alexander.
Ernst & Young LLC was appointed as Rostelecom's auditor for the second half of 2017 and the first half of 2018.
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, regulations on the President and the Management Board as well as a number of other items on the agenda.
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For more information please visit http://www.rostelecom.ru/en/ir or contact:
Investor Relations Department
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PJSC Rostelecom (www.rostelecom.ru) is one of the largest national telecommunications operators in Russia and Europe. The Company operates in all segments of the telecommunications market and covers millions of households in Russia.
Rostelecom is an undisputable leader of the broadband and pay-TV markets in Russia with over 12.5 million fixed-line broadband subscribers and over 9.4 million pay-TV subscribers, over 4.4 million of which are subscribed to Rostelecom's IPTV services.
In the first quarter of 2017, the Group generated RUB 70.4 billion of revenues, RUB 21.6 billion of OIBDA (30.6% of revenue) and RUB 3.2 billion of net income.
The Group is a market leader in providing telecommunications services to government bodies and corporates of all levels.
Rostelecom is an important innovator that provides solutions in the field of E-Government, cloud computing, healthcare, education, security and housing & utility services.
The Group's stable financial position confirmed by its credit ratings. Rostelecom was assigned 'BBB-' and 'BB+' international credit ratings by Fitch Ratings and Standard&Poor's respectively.
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Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include:
Many of these factors are beyond the Company's ability to control or predict. Given these and other uncertainties, readers are cautioned not to place undue reliance on any of the forward-looking statements contained herein or otherwise. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements (which are made as of the date hereof) to reflect events or circumstances upon the annual report publication or to reflect the occurrence of unanticipated events, except as may be required under applicable laws.
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