Information  X 
Enter a valid email address

JSFC Sistema (SSA)

  Print      Mail a friend

Thursday 21 April, 2011

JSFC Sistema

Notice of AGM

Notice of AGM

JSFC Sistema

SISTEMA CALLS ANNUAL SHAREHOLDER MEETING

Moscow, Russia – April 21, 2011 – Sistema (the “Company”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, today announced that its Board of Directors (“Board”) set the date for the Annual General Meeting of Shareholders (“AGM”) of Sistema for June 25, 2011, with the Agenda as follows:

1) Approval of the Company’s Annual Report and annual financial statements for 2010, including the profit and loss statement;

2) Approval of the distribution of profit and the amount, terms, form and timing of the dividend payment on Sistema shares for 2010;

3) Election of members of the Audit Commission;

4) Election of members of the Board of Directors; and

5) Approval of the appointment of Sistema’s auditors.

The AGM shall take place at the Ritz-Carlton Hotel, Moscow (Tverskaya Str.3), on June 25, 2011 at 11:00 in the Ballroom Hall II.

Shareholders registered as of the record date of May 18, 2011 will be eligible to participate in the AGM and, should a decision regarding payment of dividends be adopted at the AGM, entitled to receive a dividend payment. The AGM materials will be available from May 25, 2011 on Sistema’s website at www.sistema.com or by request from Sistema’s head office during working hours.

***

For further information, please visit www.sistema.com or contact:

Investor Relations         Public Relations

Evgeniy Chuikov

Vsevolod Sementsov

Tel.: +7 (495) 692 1100 Tel: +7 (495) 730 1705

ir@sistema.ru

pr@sistema.ru

 

Sistema is the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the company reported revenues of US$ 7.3 billion for the third quarter of 2010, and total assets of US$ 42.0 billion as at September 30, 2010. Sistema’s global depository receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the symbol “AFKS” on the RTS Stock Exchange, under the symbol “AFKC” on the MICEX Stock Exchange, and under the symbol “SIST” on the Moscow Stock Exchange (MSE).

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 Sistema. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might” 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. In addition, there is no assurance that the new contracts entered into by our subsidiaries referenced above will be completed on the terms contained therein or at all. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies.