Sistema Announces Results of its AGM & BoD Meeting
OREANDA-NEWS. July 02, 2014. Sistema JSFC ("Sistema" or the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, announces the results of its Annual General Meeting of shareholders ("AGM") and its Board of Directors meeting.
The AGM approved the total amount of dividend payment for Sistema's shares at RUB 19.9 billion, representing a payment of RUB2.06 per ordinary share. The dividend payments will be paid by July 31, 2014 by bank transfer into accounts of the shareholders specified in the register as of July 17, 2014.
The AGM also approved the composition of the Board of Directors previously nominated by the Board.
"Deloitte & Touche CIS" was appointed as Sistema's Russian Accounting Standards and US GAAP auditor for 2014.
At the first statutory Board meeting following the AGM, the Board of Directors appointed Vladimir Evtushenkov as Chairman and Alexander Goncharuk and David Iakobachvili as Deputy Chairmen of the Board.
The Board of Directors also approved amendments to the Company's documentation for series BO-01, BO-02 and BO-03 bonds in accordance with the provisions of the Federal Law No. 210-FZ "On Amendments to the Federal Law on the Securities Market and to Certain Russian Laws and Regulations", which come into force on July 1, 2014.