OREANDA-NEWS. July 07, 2014. Rostelecom OJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, announces that its President, Sergey Kalugin, has acquired 339,480 ordinary shares in Rostelecom for approximately RUB 30 million.

This block of shares is equivalent to 0.0117% of the Company’s share capital.

Sergey Kalugin, President of Rostelecom, commented: “Rostelecom is currently implementing its long-term strategy, which we believe will help us to transform the Company into a leader in Russia’s telecommunications market by product quality and client service. I acquired Rostelecom shares because I am confident of the Company’s potential and I want to demonstrate my personal and direct interest in Rostelecom’s successful development to our shareholders.”

Rostelecom has share capital of RUB 7,280 million which is represented by 2,669,204,301 ordinary shares with a nominal value of RUB 0.0025 per share, and 242,831,469 preferred shares with a nominal value of RUB 0.0025 per share.