OREANDA-NEWS. February 17, 2010. Sistema (the “Group”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies operating in different industries, today announced that the Extraordinary General Meeting of shareholders (“EGM”) has approved Sistema’s participation in an investment agreement to launch full-scale 90 nanometre microchip production in Russia, reported the press-centre of Sistema.     

Sistema signed the agreement with the Russian Corporation of Nanotechnologies (“RUSNANO”), AMEX, SITRONICS and SITRONICS subsidiaries: “SITRONICS-Nano” and “NIIME and Mikron”, which are part of SITRONICS’ Microelectronics business division. SITRONICS-Nano LLC, a subsidiary of SITRONICS, was established for the purposes of operating this project.

The EGM was convened and votes were cast remotely via a proxy system. February 8, 2010 was the final date for the receipt of ballots. The EGM quorum reached 77.74% of the total number of eligible voters.