26 Jun 2017 08:00
Sistema announces AGM and Board meeting results
Moscow, 26 June 2017 - Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, is pleased to announce the results of the annual general meeting of shareholders ("AGM") and the Board of Directors meeting that took place on 24 June 2017.
The AGM passed the resolution to distribute RUB 7.8 billion in dividends for FY 2016, which represents RUB 0.81 per ordinary share (RUB 16.2 per GDR). The record date for shareholders eligible to receive dividends was set as 13 July 2017. Dividends will be paid within 10 business days from this date.
The AGM elected the following members to the Board of Directors:
1. Vladimir Evtushenkov
2. Anna Belova, independent director (nominated by a group of minority shareholders)
3. Sergey Boev
4. Andrey Dubovskov
5. Felix Evtushenkov
6. Ron Sommer
7. Robert Kocharyan, independent director
8. Jeannot Krecké, independent director
9. Roger Munnings, independent director
10. Mikhail Shamolin
11. David Iakobachvili, independent director
The AGM approved the Corporation's 2016 annual report and annual financial statements, as well as revised versions of the Charter, Terms of Reference of the General Meeting of Shareholders, Terms of Reference of the Board of Directors and Terms of Reference of the Management Board of Sistema PJSFC.
The AGM approved CJSC Deloitte and Touche CIS as the auditor of Sistema's RAS and IFRS financial statements for 2017.
The Board of Directors, at its meeting following the AGM, elected Vladimir Evtushenkov as Chairman of the Board of Directors and Sergey Boev as Deputy Chairman.
***
For further information, please visit www.sistema.ru or contact:
IR Service Yury Krebs Tel.: +7 (495) 730 66 00 y.krebs@sistema.ru | Press service Sergey Kopytov Tel.: +7 (495) 228 15 27 kopytov@sistema.ru |
Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in such sectors as telecommunications, retail, paper and packaging, agriculture, high technology, banking, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2016 reached RUB 697.7bn; its total assets equalled RUB 1.1tn as of 31 December 2016. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.ru