OREANDA-NEWS. Mobile TeleSystems OJSC (“MTS” or “the Company” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the decisions reached at the meeting of its Board of Directors (“BoD” or “the Board”) held on April 14, 2015.

At a meeting held on April 14, 2015, the Board set the date for the Company’s AGM for June 25, 2015. The record date for the Company’s shareholders and ADR-holders entitled to participate in the AGM has been set for May 7, 2015.

The Board recommended that an annual general meeting of shareholders (“the AGM”) approves annual dividends of RUB 19.56 per ordinary MTS share (RUB 39.12 per ADR), or a total of RUB 40.419 billion (RUB 40,418,854,944.12), based on the full-year 2014 financial results. Upon acceptance by the AGM and completion of this payment, MTS will have paid out up to RUB 53.230 billion (RUB 53,230,553,370.52) based on fiscal year 2014 financial results.

The Board recommended that the AGM sets the record date for shareholders and ADR-holders entitled to receive dividends for the 2014 fiscal year for July 07, 2015.

In addition, issues entered into the AGM agenda by the BoD include:

  • Procedure for conducting the Annual General Shareholders Meeting;
  • Approval of MTS OJSC Annual Report; MTS OJSC Annual Financial Statements, including MTS OJSC Profit & Loss Statement; distribution of profits and losses of MTS OJSC based on 2014 FY results (including payment of dividends);
  • Election of members of MTS OJSC Board of Directors;
  • Election of members of MTS OJSC Auditing Commission;
  • Approval of MTS OJSC auditor;
  • Approval of MTS OJSC Charter as amended and restated;
  • Approval of MTS Regulation on the Annual General Shareholders Meeting as amended and restated;
  • Approval of MTS Regulation on the Board of Directors as amended and restated;
  • Approval of MTS Regulation on MTS President as amended and restated;
  • Approval of MTS Regulation on the Executive Board as amended and restated;
  • Approval of MTS Regulation on the Auditing Commission as amended and restated.

The following candidates have been nominated for the election to the Company’s Board:

  • Mr. Michel Combes, independent director;
  • Mr. Sergei Drozdov, Senior Vice President, Head of the Corporate Governance division, member of Management Board at Sistema JSFC;
  • Mr. Andrei Dubovskov, President and Chief Executive Officer of MTS;
  • Ms. Regina von Flemming, independent director;
  • Mr. Alexander Gorbunov, Executive Vice-President at Sistema JSFC;
  • Mr. Thomas Holtrop, independent director;
  • Mr. Stanley Miller, independent director;
  • Mr. Vsevolod Rozanov, Senior Vice President, Chief Financial Officer, Member of the Management Board at Sistema JSFC;
  • Mr. Ron Sommer, Chairman of the Board of Sistema Shyam TeleServices Ltd;
  • Mr. Mikhail Shamolin, President and Chief Executive Officer, Executive Board Director, Chairman of the Management Board at Sistema JSFC.

* * *

Biography of Ms. Regina von Flemming

Ms. Regina von Flemming has served as the CEO and Publisher of Axel Springer Russia since 2009. Prior to that she was the founder and owner of Flemming & Partner GmbH Berlin – Moscow, a consultancy providing services in the areas of crisis management, start up, interim management and restructuring, interim CEO in Russia mainly for German and Russian entities. In 2000 – 2003, she worked as Vice President of the “US Russia Investment Fund” at Delta Capital, one of the first private equity funds in Russia. Prior to joining Delta Capital she assumed various management roles in German companies. Regina graduated from Free University in Berlin with a degree in political science and received a diploma from Sciences Po in Paris in 1992. In 1992-1993, she completed corporate strategy and MBA courses in INSEAD and worked as corporate strategy research assistant there.