Rostelecom OJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national
telecommunications operator, today announces that following its AGM,
which was held on June 30, 2014, Rostelecom confirms that a dividend of
approximately RUB 3.11-3.12 per ordinary share is to be paid out to
The ordinary share dividend payout forms part of Rostelecom’s combined
ordinary and preferred share payout of RUB 8.824 billion, or 25% of 2013
RAS net profit and 37% of 2013 net profit in accordance with
International Financial Reporting Standards (“IFRS”). A dividend of RUB
4.848555414552 is payable per preferred share.
The dividend per ordinary share is calculated as follows: the total sum
of RUB 8.824 billion, excluding the accrued dividends on preferred
shares, divided by the amount of Rostelecom ordinary shares outstanding
as at July 14, 2014 (excluding treasury shares on Rostelecom’s balance
The number of treasury shares as of the date of AGM was 163,344,917
ordinary shares and 33,217,816 preferred shares, which implies an
ordinary share dividend payout of RUB 3.11-3.12..
A record date of July 14, 2014 has been set to entitle shareholders to
receive dividends for 2013.
For more information please visit http://www.rostelecom.ru/en/ir
“Rostelecom Investor Relations / Rostelecom IR” application is
now available to download for free from the Apple App Store and Google
Investor Relations Department
Tel. +7 (499) 995 97 80
is one of the largest national telecommunications operators in Russia
and Europe. The Group operates in all segments of the telecommunications
market and covers more than 34 million households.
Rostelecom is an undisputable leader of the broadband and pay-TV markets
in Russia with over 10.8 million fixed-line broadband subscribers and
over 7.6 million pay-TV subscribers.
The Group generated RUB 80.4 billion of consolidated revenues, RUB 26.5
billion of OIBDA (33.0% of revenues) and RUB 6.9 billion of net income
for the first three months ended March 31, 2014.
The Group is a market leader in providing telecommunications services to
government bodies and corporates of all levels. It is also an important
innovator that provides solutions in the field of medicine,
E-Government, cloud computing, education, security and housing & utility
Rostelecom was assigned ‘BBB-’ and ‘BB+’ international credit ratings by
Fitch Ratings and Standard & Poor’s respectively.
* * *
Management’s assessment of the Company’s future operating and
financial results as well as forecasts of the present value of future
cash flows and related factors;the Company’s anticipated capital expenditures and plans to
construct and modernize its network;the Company’s expectations as to the growth in demand for its
services, plans relating to the expansion of the range of its services
and their pricing;the Company’s plans with respect to improving its corporate
governance practices;the Company’s expectations as to its position in the
telecommunications market and the development of the market segments
within which the Company operates;economic outlook and industry trends;the Company’s expectations as to the regulation of the Russian
telecommunications industry and assessment of impact of regulatory
initiatives on the Company’s activity;other statements regarding matters that are not historical facts.
Certain statements in this press release are forward-looking
statements within the meaning of the U.S. federal securities laws and
are intended to be covered by the safe harbors created thereby.
Those forward-looking statements include, but are not limited to:
Such forward-looking statements are subject to risks, uncertainties
and other factors, which could cause actual results to differ materially
from those expressed or implied by these forward-looking statements.
These risks, uncertainties and other factors include:
risks relating to changes in political, economic and social
conditions in Russia as well as changes in global economic conditions;risks relating to Russian legislation, regulation and taxation,
including laws, regulations, decrees and decisions governing the
Russian telecommunications industry, securities industry as well as
currency and exchange controls relating to Russian entities and their
official interpretation by regulatory bodies;risks relating to the Company, including the achievement of the
anticipated results, levels of profitability and growth, ability to
create and meet demand for the Company’s services including their
promotions, and the ability of the Company to remain competitive in a
liberalized telecommunications market;technological risks associated with the functioning and development
of the telecommunications infrastructure, technological innovations as
well as the convergence of technologies;other risks and uncertainties. For a more detailed discussion of
these and other factors, see the Company’s Annual Report and the
Company’s other public filings.
Many of these factors are beyond the Company’s ability to control or
predict. Given these and other uncertainties, readers are cautioned not
to place undue reliance on any of the forward-looking statements
contained herein or otherwise. The Company does not undertake any
obligation to release publicly any revisions to these forward-looking
statements (which are made as of the date hereof) to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except as may be required under applicable laws.
Source: Rostelecom OJSC