OREANDA-NEWS. November 3, 2010. The Board of Directors of Svyazinvest adopted at its regular meeting a decision to convene an extraordinary general meeting of shareholders (EGM).

The board was convened at the request of Rostelecom, which reached Svyazinvest.  In accordance with Article 55.6 of the Federal Law “On Joint Stock Companies”, in case a request to convene an EGM comes from a shareholder which owns at least 10% of the Company’s voting shares, the Board of Directors shall adopt a decision to convene an EGM or refuse to convene said meeting within five days after the date on which the request is made.  Rostelecom holds 25% of the voting shares in Svyazinvest.

The date and agenda for the EGM is subject to approval by a directive of the Government of the Russian Federation.

The following persons attended the Board of Directors of the Company:

Konstantin V. Malofeev, managing partner of the representative office of MarCap Advisors Limited;

Marlen J. Manasov, member of the Board of Directors of UBS Bank;

Ivan I. Rodionov, professor of state university Higher School of Economics;

Nikita D. Ryauzov, managing director, head of the department of investment banking and finance of MDM Bank;

Igor O. Shegolev, Minister of Telecommunications and Mass Media of the Russian Federation.