MTS Released Ad Hoc Notice
OREANDA-NEWS. February 10, 2011. Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces that “COMSTAR – United TeleSystems” JSC (“Comstar” - LSE: CMST), a majority-owned subsidiary of MTS, issued a release informing that the Board of Directors of Moscow City Telephone Network JSC (“MGTS”), a majority-owned subsidiary of Comstar, at a meeting, held on February 7, 2011, set a date for an Extraordinary General Meeting of Shareholders (“EGM”) for April 22, 2011.
The proposed agenda of the EGM includes the following items:
Early termination of the current Board of Directors’ powers;
Election of a new Board of Directors;
Early termination of the current Revision Committee’s powers;
Election of a new Revision Committee.
Shareholders registered at the record date of February 8, 2011, will be eligible to participate and vote at the EGM.
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