OREANDA-NEWS. May 30, 2011. JSFC Sistema (“Sistema”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, announced that the Board of Directors (the “Board”) has approved the agenda for the Company’s Annual General Meeting of shareholders (“AGM”) scheduled for June 25, 2011, reported the press-centre of Sistema.

The Board recommended the AGM to approve the following:
 
1) Approval of meeting’s procedures
2) Approval of the Company’s Annual Report and annual financial statements for 2010, including the profit and loss statement;
3) Approval of the distribution of profit and the amount, terms, form and timing of the dividend payment on Sistema shares for 2010;
4) Determining the number of members of the Board of Directors
5) Election of members of the Audit Commission;
6) Election of members of the Board of Directors; and
7) Approval of the appointment of Sistema’s auditors.
 
The Board of Directors recommended the AGM to reelect nine members of the Board as follows:
 
- Vladimir Evtushenkov
- Alexander Goncharuk
- Ron Sommer
- Dmitry Zubov
- Vyacheslav Kopiev
- Robert Kocharyan
- Roger Munnings
- Leonid Melamed
- Evgeny Novitsky
 
In addition to the nine members mentioned above, the Board of Directors recommended three new candidates to the Board of Directors (please see below biographical information):
 
- Serge Tchuruk
- Mikhail Shamolin
- David Yakobashvili
 
The AGM shall take place at the Ritz-Carlton Hotel, Moscow (Tverskaya Str.3), on June 25, 2011 at 11:00 (Moscow time) in the Ballroom Hall II.
 
Shareholders registered as of the record date of May 18, 2011 are eligible to participate in the AGM and, should a decision regarding payment of dividends be adopted at the AGM, entitled to receive a dividend payment. The AGM materials will be available from May 25, 2011 on Sistema’s website at www.sistema.com or by request from Sistema’s head office during working hours.