OREANDA-NEWS. December 3, 2010. Uralsvyazinform (RTS and MICEX: URSI/URSIP, ADRs: UVYZY/UVYZYP) hereby reports the results of its extraordinary general meeting of shareholders which was held in the form of absentee voting.

As reported earlier, the agenda of the extraordinary general meeting of shareholders included the following issues:

On the Company’s payment of dividends based on the results of the first nine months of the financial year.

On making amendments to Regulations on the Board of Directors of Uralsvyazinform.

On annual remuneration payable to member of the Board of Directors of the Company, which have performed their duties since the annual general meeting of shareholders on June 23, 2010. 

The list of persons eligible to participate in the Company’s extraordinary general meeting of shareholders (the record date) of Uralsvyazinform, was compiled as of September 20, 2010.

The quorum of the extraordinary general meeting of shareholders was 60.2% of the total number of votes cast by persons included in the list.

According to the results of the issue put to vote in issue No. 1, the shareholders passed a resolution to pay out dividends on the results of the first nine months of fiscal 2010 as follows:

0.0000000013632137% of the Company’s net profit on the results of the first nine months of the 2010 fiscal year per one class A preferred share;

0.0000000004675238% of the Company’s net profit on the results of the first nine months of the 2010 fiscal year per common share.

As a result, since the net profit of Uralsvyazinform for the first nine months of 2010 in accordance with Russian Accounting Standards amounted to RUR 6,071.2 mln, shareholders are to be paid dividends on or before December 31, 2010 as follows:

RUR 0.082764 per class A preferred share,

RUR 0.028385 per one common share. 

The total amount payable as dividends will amount to RUR 1,517.8 mln or 25% of the company’s net profit for January-September.

Dividends are to be paid out according to the procedure for information on how to receive dividends, which is provided by persons on record in the shareholders’ register as of September 20, 2010.

As for issues No. 2 and 3 on the agenda of the extraordinary general meeting of shareholders of Uralsvyazinform, no resolutions were passed.