24 Dec 2018 10:04
ROSTELECOM PJSC (RKMD) ROSTELECOM PJSC: Rostelecom announces results of EGM 24-Dec-2018 / 13:03 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 ANNOUNCES RESULTS OF EGM
Moscow, Russia - December 24, 2018 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia's national telecommunications operator, today announces the results of its EGM, which was held on December 24, 2018. The EGM approved that the Company's interim dividend amounting to RUB 6.961 billion, is to be paid in cash, as follows: * RUB 2.5 per Class A preferred share; * RUB 2.5 per ordinary share.
The shareholders approved January 13, 2019 as the record date for receiving the interim dividend for the nine months of 2018. The shareholders also elected the following to Rostelecom's Board of Directors: Aganbegyan Ruben; Auzan Alexander; Dmitriev Kirill; Zlatopolsky Anton; Ivanov Sergei; Nikiforov Nikolay; Noskov Konstantin; Oseevskiy Mikhail; Poluboyarinov Mikhail; Semenov Vadim; Yakovizkiy Alexei.
In conformity with Rostelecom's Charter, the Board of Director consists of 11 members. * * * PAO Rostelecom is the largest digital service provider, operating in all segments of the telecommunications market and covering millions of households in Russia. Rostelecom is an undisputable leader of the broadband and pay-TV markets in Russia with over 13.0 million fixed-line broadband subscribers and over 10.1 million pay-TV subscribers, over 5.1 million of which are subscribed to Rostelecom's IPTV services on the national level. In the nine months of 2018, the Group generated RUB 233.0 billion of revenues, RUB 74.9 billion of OIBDA (32.1% of revenue) and RUB 12.7 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, and AA(RU) by ACRA. * * * Certain statements in this press release are forward-looking statements within the meaning of the U.S. federal securities laws and intended to be covered by the safe harbours created thereby. Those forward-looking statements include, but are not limited to: Assessment of PAO Rostelecom's (the Company) future operating and financial results as well as forecasts of the present value of future cash flows and related factors; The Company's plans to take ownership stakes in other organisations; the Company's anticipated capital expenditures and plans to construct and modernize its network; the Company's expectations as to the growth in demand for its services, plans relating to the expansion of the range of its services and their pricing; the Company's plans with respect to improving its corporate governance practices; the Company's expectations as to its position in the telecommunications market and forecasts on the development of the market segments within which the Company operates; economic outlook and industry trends; the Company's expectations as to the regulation of the Russian telecommunications industry and assessment of impact of regulatory initiatives on the Company's activity; other statements regarding matters that are not historical facts.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: risks relating to changes in political, economic and social conditions in Russia as well as changes in global economic conditions; risks relating to Russian legislation, regulation and taxation, including laws, regulations, decrees and decisions governing the Russian telecommunications industry, securities industry as well as currency and exchange controls relating to Russian entities and their official interpretation by regulatory bodies; risks relating to the Company, including the achievement of the anticipated results, levels of profitability and growth, ability to create and meet demand for the Company's services including their promotions, and the ability of the Company to remain competitive in a liberalized telecommunications market; technological risks associated with the functioning and development of the telecommunications infrastructure, technological innovations as well as the convergence of technologies; other risks and uncertainties. For a more detailed discussion of these and other factors, see the Company's Annual Report and the Company's other public filings.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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| ISIN: | US7785291078 |
| Category Code: | MSCH |
| TIDM: | RKMD |
| LEI Code: | 2534001D752JPNM0H170 |
| Sequence No.: | 6991 |
| EQS News ID: | 761865 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Rostelekom Adr (RKMD)