OREANDA-NEWS. October 25, 2010. A meeting in absentia of the Board of Directors of OJSC N.W.Telecom was held and considered convoking an extraordinary general meeting of the shareholders of OJSC N.W.Telecom (hereinafter referred to as “EGMS”).

The meeting of the Board of Directors was convoked on the basis of a request of a shareholder of OJSC Svyazinvest received by OJSC N.W.Telecom. According to Clause 6 of Article 55 of the Federal Law “On Joint-Stock Companies”, if convocation of the EGMS is requested by a shareholder holding at least 10% of the voting shares of the Company, the Board of Directors must take a decision to convoke the EGMS or to refuse to convoke it within five days from the day the request is presented.

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

To convoke an extraordinary general meeting of the shareholders OJSC N.W.Telecom in the form of joint attendance of the shareholders for discussing the matters on the agenda and taking decisions on the items proposed for voting.
To appoint:
the date of holding the EGMS: 17th January 2011;
the place of holding the EGMS: 14, Sinopskaya nab., St. Petersburg;
starting time of the EGMS: at 12-00 Moscow time;
the date and starting time of checking-in for those participating in the EGMS: 17th January 2011, 10-00 Moscow time, in the place where the EGMS will be held;
mailing addresses to which filled in ballots must be sent: 14/26, ul. Gorokhovaya (26, ul. Bolshaya Morskaya), St. Petersburg, 191186; a/ya 151, Moscow, 115280, (for OJSC ORC - OJSC United Registration Company);
the date when the list of those entitled to participation in the extraordinary general meeting of the shareholders of the Company was made up: 25th October 2010.

The Board of Directors of OJSC N.W.Telecom has approved the following agenda of the EGMS:
On Pre-term Termination of the Powers of the Members of the Board of Directors of OJSC N.W.Telecom;
On Electing Members of the Board of Directors of OJSC N.W.Telecom.

Information on holding the EGMS of the Company will be published before or on 3rd November 2010. Materials for the extraordinary meeting of the shareholders will be available on the corporate web site of OJSC N.W.Telecom in the Investors and shareholders section starting from 27th December 2010.