MOSCOW, June 23, 2016 /PRNewswire/ --
PJSC MTS (NYSE: MBT, MOEX: MTSS), the leading telecommunications
operator in Russia, announces the
decisions reached at the Company's Annual General Meeting of
Shareholders (the "AGM") held on June 23,
2016.
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At the meeting, the following resolutions were adopted:
- To approve final annual dividends of RUB
14.01 per ordinary MTS share (RUB
28.02 per ADR), or in total RUB
27,997,423,739.61 based on the full-year 2015 financial
results. The record date for the Company's shareholders and
ADR-holders entitled to receive dividends for the full year 2015
has been set for July 05, 2016. The
dividend payment will be completed before August 9, 2016;
- To approve the Company's Annual Report and Annual Financial
Statements, including the Company's Profit & Loss Statement, as
well as the distribution of profits and losses of MTS PJSC based on
FY2015 results (including payment of dividends);
- To elect the following persons to the MTS Board of Directors:
- Mr. Alexander Gorbunov, Vice
President, responsible for Telecom Assets Development of Sistema
JSFC, Chairman of the Board of Directors at Sistema Shyam
Teleservices Limited;
- Mr. Andrei Dubovskov, President
and Chairman of the Management Board at MTS;
- Mr. Ron Sommer, Chairman of the
Supervisory Board at PrJSC "MTS Ukraine", Member of the Supervisory
Board at Munich Reinsurance, Germany and Member of the Board of Directors
at Tata Consultancy Services;
- Mr. Michel Combes, independent
director;
- Mr. Stanley Miller, independent
director;
- Mr. Vsevolod Rozanov, Senior
Vice President, Chief Financial Officer, Member of the Management
Board at Sistema JSFC;
- Ms. Regina von Flemming,
independent director;
- Mr. Thomas Holtrop, independent
director;
- Mr. Mikhail Shamolin, President,
Chairman of the Management Board, Member of the Board of Directors
at Sistema JSFC.
- To elect members of the Company's Auditing Commission;
- To approve CJSC Deloitte and Touche CIS as MTS' auditor;
- To approve MTS Charter, MTS Regulation on the Annual General
Shareholders Meeting, MTS Regulation on the Board of Directors as
amended and restated;
- To decrease MTS PJSC share capital by RUB 6.80 mln to RUB 199.84 mln (which will be
represented by 1,998,381,575 ordinary shares with the nominal value
of RUB 0.1) by cancelling:
- 67,995,335 ordinary MTS PJSC shares, acquired by MTS PJSC as
part of the liquidation of Mobile Telesystems Bermuda Limited;
- 36,652 ordinary MTS PJSC shares, bought back by MTS PJSC from
its shareholders on their demand in accordance with the Russian law
and the Charter of MTS PJSC.
At a subsequent meeting of the Board of Directors, Mr.
Ron Sommer was reappointed as the
Chairman of the Board of Directors and Mr. Alexander Gorbunov with Mr. Vsevolod Rozanov were elected as the Deputy
Chairmen of the Board. Also the Board of Directors approved
the exchange-traded bond program in the amount of up to
RUB 100 bln or its equivalent in
foreign currency.
About Mobile TeleSystems (MTS):
Mobile TeleSystems
PJSC ("MTS" - NYSE:MBT; MOEX:MTSS) is the leading
telecommunications group in Russia, Central and Eastern Europe. We provide wireless Internet
access and fixed voice, broadband and pay-TV to over 100 million
customers who value high quality of service at a competitive price.
Our wireless and fixed-line networks deliver best-in-class speeds
and coverage throughout Russia,
Ukraine, Armenia, Turkmenistan, Uzbekistan and Belarus. To keep pace with evolving customer
demand, we continue to grow through innovative products,
investments in our market-leading retail platform, mobile payment
services, e-commerce and IT solutions. For more information, please
visit: http://www.mtsgsm.com
Learn more about MTS. Visit the official blog of the Investor
Relations Department at http://www.mtsgsm.com/blog/
For further information, please contact in Moscow:
Joshua
B. Tulgan
Director, Department of Corporate Finance and Investor
Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru
Any investor who wishes to deposit Shares in return for ADSs should
not consider any information in this announcement or the amendmetns
to the Deposit Agreement to be investment, legal or tax advice. An
investor should consult its own legal counsel, financial adviser,
accountant and other advisors for legal, tax, business, financial
and related advice regarding submitting an indication of interest
for and receiving any ADSs. Neither MTS nor the Depositary makes
any representation to any investor who receives the ADSs regarding
the legality of the receipt of the ADSs by such investor under any
securities, investment or similar laws which may be applicable to
such investor.
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 MTS, as defined in
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify forward looking
statements by terms such as "expect," "believe," "anticipate,"
"estimate," "intend," "will," "could," "may" or "might," and 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 undertake
or intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. We refer you to the documents
MTS files from time to time with the U.S. Securities and Exchange
Commission, specifically the Company's most recent Form 20-F. These
documents contain and identify important factors, including those
contained in the section captioned "Risk Factors" that could cause
the actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others,
the severity and duration of current economic and financial
conditions, including volatility in interest and exchange rates,
commodity and equity prices and the value of financial assets; the
impact of Russian, U.S. and other foreign government programs to
restore liquidity and stimulate national and global economies, our
ability to maintain our current credit rating and the impact on our
funding costs and competitive position if we do not do so,
strategic actions, including acquisitions and dispositions and our
success in integrating acquired businesses, potential fluctuations
in quarterly results, our competitive environment, dependence on
new service development and tariff structures, rapid technological
and market change, acquisition strategy, risks associated with
telecommunications infrastructure, governmental regulation of the
telecommunications industries and other risks associated with
operating in Russia and the CIS,
volatility of stock price, financial risk management and future
growth subject to risks.
SOURCE Mobile TeleSystems (MTS)