SSA.L Regulatory News (SSA)

4 Jul 2013 07:00

SISTEMA ANNOUNCES RESULTS OF ITS AGM

Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces the results of its Annual General Meeting of shareholders (“AGM”), held on June 29, 2013.

The AGM approved payment of annual dividends of RUB 0.96 per ordinary share for the twelve months ended December 31, 2012, amounting to a total of RUB 9.264 billion. The dividends will be paid by August 28, 2013.

The Company’s Charter has been amended in accordance with recent changes to the Federal Laws “On the Securities Market” and “On Joint Stock Companies”, which relate to bond issuance and the listing of securities of joint stock companies. The updated provisions and the revised Charter are available on Sistema’s website.

The AGM also approved the composition of the Board of Directors previously nominated by the Board.

ZAO “Deloitte & Touche CIS” was appointed as Sistema’s Russian Accounting Standards and US GAAP auditor for 2013.

At the first statutory Board meeting following the AGM, the Board of Directors appointed Vladimir Evtushenkov as Chairman and Alexander Goncharuk as Deputy Chairman of the Board.

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For further information, please visit www.sistema.com or contact:

Sistema is the largest publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of US$ 8.3 billion for the first quarter of 2013, and total assets of US$ 44.9 billion as at March 31, 2013. Sistema’s global depository receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the symbol “AFKS” on the MICEX-RTS Stock Exchange. Sistema was ranked number 315 in the 2011 edition of the Fortune Global 500 list. Website: www.sistema.com

The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might” the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies.

Copyright Business Wire 2013