OREANDA-NEWS. December 3, 2010. The shareholders of Rostelecom (RTS and MICEX: RTKM, RTKMP; OTCQX: ROSYY) passed a resolution at the extraordinary general meeting of shareholders to pay out interim dividends for 9M10 as follows:

RUR 1.67 per one class A preferred share;

RUR 1.11 per one common share. 

Dividends will be paid to shareholders on record as of September 21, 2010 within 60 days after the meeting is held.

Shareholders did not support charter amendments which called for paying out 10% of Rostelecom’s net profit on the results of the fiscal year as dividend on all class A preferred shares outstanding.

According to the General Director of Rostelecom Alexander Provotorov, “understanding the significance of its dividend policy in sharpening the Company’s investment appeal, the management, along with the Board of Directors, is working out all the amendments to the Charter, which will make it possible to strike a balance between the owners of the various categories of Rostelecom’s securities.