MTS Announces Results of EGM
OREANDA-NEWS. Mobile TeleSystems OJSC (“MTS” or the “Company” - NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces decisions reached at the Company's Extraordinary General Meeting of Shareholders (the “EGM”) held on September 30, 2013.
At the EGM the following resolution was adopted:
to approve payout of semi-annual dividends of RUB 5.22 per ordinary MTS share (RUB 10.44 per ADR) amounting to the total of RUB 10.81 billion on the basis of the Company's H1 2013 financial and operating results. The dividend will be paid out in the period of two months in accordance with the Russian law.
The record date for the Company's share- and ADR-holders entitled to participate in the EGM and to receive semi-annual dividends was August 14, 2013.
Mobile TeleSystems OJSC (“MTS”) is the leading telecommunications group in Russia, Ñentral and Eastern Europe, offering mobile and fixed voice, broadband, pay TV as well as content and entertainment services in one of the world's fastest growing regions. Including its subsidiaries, the Group services over 100 million mobile subscribers. The Group has been awarded GSM licenses in Russia, Ukraine, Armenia, Turkmenistan and Belarus, a region that boasts a total population of more than 200 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT).
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