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ROSTELECOM PJSC:Rostelecom's shareholders approve 2020 dividends and the new Board of Directors

·5-min read

ROSTELECOM PJSC (RKMD)
29-Jun-2021 / 13:04 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's shareholders approve 2020 dividends and the new Board of Directors

Moscow, Russia - June 29, 2021 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital services and products company in Russia, today announces the results of its virtual Annual General Meeting (AGM), held on 28 June 2021.

The shareholders have approved 12 July 2021 as the record date for receiving dividends for 2020.

The shareholders have also elected the following individuals to form Rostelecom's Board of Directors:

The AGM has elected the following to the Audit Committee:

Additionally, shareholders have approved annual compensation to the members of the Board of Directors and the Audit Committee, reaffirmed Ernst & Young LLC as Rostelecom's auditor, approved allocation of undistributed profit for the past years and distribution of losses for the reporting period, adopted Rostelecom's new Charter and approved certain deals with banks to finance the Company's operations.

* * *

PJSC Rostelecom is the largest integrated digital services and products company, operating in all segments of the telecommunications market in Russia. It serves millions of households, state and private enterprises across the country.

Rostelecom is Russia's undisputed market leader, providing high-speed Internet access and pay-TV. The total number of broadband users stands at over 13.5 mln users, it has more than 10.8 mln pay-TV customers, over 6.1 mln of which are subscribed to Rostelecom's IPTV services. Tele2 Russia, a Rostelecom subsidiary, is a major player in the mobile market with the industry-leading NPS, a customer satisfaction benchmark. The joint mobile subscriber base is over 46.6 mln users.

Rostelecom is a key strategic innovator that provides solutions in the following fields: E-Government, cybersecurity, data-centres and cloud computing, biometry, healthcare, education and housing & utility services.

During the 1q 2021, the Group generated RUB 132.0 bln of revenues, RUB 55.4 bln of OIBDA (42.0% of revenue) and RUB 11.8 bln of net income.

The Group's stable financial position is confirmed by its credit ratings. Rostelecom has been 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:

 

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:

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.

 


ISIN:

US7785291078

Category Code:

AGM

TIDM:

RKMD

LEI Code:

2534001D752JPNM0H170

Sequence No.:

114334

EQS News ID:

1213258


 

End of Announcement

EQS News Service

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