15th Dec 2014 15:33
SISTEMA CONVENES EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
Moscow, Russia – December 15, 2014 – Sistema JSFC (“Sistema”) (LSE:SSA) today announces that its Board of Directors has decided to convene an Extraordinary General Meeting of shareholders (“EGM”). The EGM will be held by absentee vote and the final date for receipt of completed ballots is February 17, 2015. The agenda of the EGM will include the approval of amendments to the bylaws regarding the Annual General Meeting of Shareholders and the Board of Directors of Sistema.
The new editions of the bylaws for the Annual General Meeting of Shareholders and for the Board of Directors reflect changes to the listing requirements of the Moscow Exchange, which entered into force in 2014, as well as recent amendments to the law on joint stock companies.
Shareholders registered on the record date of December 29, 2014 will be eligible to vote at the EGM by ballot. The EGM materials will be available from January 16, 2015 on Sistema’s website at www.sistema.com or by request from Sistema’s head office during working hours.
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For further information, please visit www.sistema.com or contact:
| Investor Relations Evgeniy Chuikov Tel: +7 (495) 692 11 00 | Public Relations Sergey Kopytov Tel.: +7 (495) 228 15 27 |
Sistema is a publicly-traded diversified holding company 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, energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of US$ 8.9 billion for the third quarter of 2014, and total assets of US$ 40.0 billion as at September 30, 2014. 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 Moscow Exchange. Sistema was ranked number 308 in the 2013 edition of the Fortune Global 500 list. Website: www.sistema.com
The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.
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.
Copyright Business Wire 2014
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