OREANDA-NEWS. August 19, 2010.  A meeting in absentia of the Board of Directors of JSC N.W.Telecom was held and considered questions related to preparing and holding an extraordinary general meeting of the shareholders of OJSC N.W.Telecom (hereinafter referred to as EGM). 

The Board of Directors of OJSC N.W.Telecom took the following decisions:

-   to convoke an extraordinary general meeting of the shareholders of OJSC N.W.Telecom in the form of correspondence voting;

-  to determine:
 -  the deadline for voting ballots acceptance, November, 3rd 2010;
- mailing addresses to which filled in ballots must be sent:
- 14/26 Gorokhovaya st. (26 Bolshaya Morskaya st.), St. Petersburg, 191186, OJSC North-West Telecom;
- A/ya 151, Moscow, 115280, OJSC United Registration Company;

- The record date is September,14th  2010.

 The Board of Directors of OJSC N.W.Telecom has approved the following agenda of the extraordinary general meeting of the shareholders:

- on dividend payment by the Company based on the results of 9 months of the fiscal year 2010;

- on introducing amendments to the Provisions on the Company’s Board of Directors;

- on annual remuneration to the members of the Board of Directors of the Company performing their functions after the annual general meeting of the shareholders of 19.06.2010.

 Besides, the Board of Directors of OJSC N.W.Telecom has determined the recommended amount of the dividend paid for the results of 9 months of the fiscal year 2010 and approved the agenda of the EGM.

The Board of Directors of OJSC N.W.Telecom has taken a decision to recommend to the extraordinary general meeting of the shareholders to take a decision on the payment of dividend for the results of 9 months of the fiscal year 2010 in the following amount:

-  0.0000000353539666 % of the Company’s net income for the results of nine months of the fiscal year 2010 (according to RAS) per type A preferred share;

-  0.0000000171309612 % of the Company’s net profit for the results of nine months of the fiscal year 2010 (according to RAS) per ordinary share,

-   according to the procedure complying with the information on the method of receiving dividends provided by the checked in persons according to the data of the Company’s shareholders register  as of September 14th, 2010.

In the course of the meeting, the Board of Directors of OJSC N.W.Telecom also considered other matters related to preparing and holding the extraordinary general meeting of the shareholders. 

 Information on holding the EGM will be published before or on October, 1st 2010. Materials for the extraordinary meeting of the shareholders will be available on the corporate web site of OJSC N.W.Telecom in the Shareholders' Meetings section starting from 14th October, 14th  2010.