OREANDA-NEWS. July 10, 2012. Svyazinvest (hereafter, the Company) held an extraordinary general meeting (EGM) of shareholders on June 29, 2012.

The shareholders of Svyazinvest – the Russian state and Rostelecom – passed a resolution to increase the Company’s share capital by placing an additional share issue of common nominal uncertificated shares in the amount of 561,261,664 with par value of RUR 1 each with the rights envisaged in the Company’s Charter.

The Company’s shareholders determined the form of payment for the shares subject to placement. They are to be paid for using cash, the common nominal shares of Bashinformsvyaz, Ingushelektrosvyaz, Central Telegraph, Chukotkasvyazinform, MMTS-9 and class A preferred nominal shares of Central Telegraph.

Shareholders approved the procedure for the share placement as follows:

1) The Russian Federation represented by the State Property Management Agency purchases 420,946,248 common nominal uncertificated shares of the Company;

2) Rostelecom purchases 140,315,416 common nominal uncertificated shares of the Company.

A resolution was passed at the EGM on making the relevant amendments to the Company’s Charter in connection with an increase of its share capital.