Notice of AGM

MOSCOW--()--

SISTEMA'S BOARD ANNOUNCES DATE OF AGM AND RECOMMENDS DIVIDEND PAYMENT

Moscow, Russia – April 20, 2015 – Sistema JSFC (“Sistema” or the “Company”) (LSE:SSA), a publicly-traded diversified holding company operating primarily in Russia and the CIS, today announces that following the meeting on April 18, 2015, its Board of Directors (the “Board”) has set the date for the Annual General Meeting of Shareholders (“AGM”) for June 27, 2015. The record date for shareholders eligible to participate in the AGM is May 15, 2015.

The agenda of the AGM includes the following items:

  • Approval of the annual report and financial statements for 2014;
  • Approval of the distribution of profit and dividends for Sistema shares;
  • Election of members of the Company’s Board of Directors and Audit Commission;
  • Approval of the auditors.

The Board recommended the AGM to set the total dividend payment for Sistema’s shares at RUB 4.54 billion, representing a payment of RUB 0.47 per ordinary share or RUB 9.40 per GDR. Shareholders specified in the register as of July 16, 2015 will be entitled to receive a dividend payment following the AGM’s approval.

Sistema’s Board also included Patrick James Clanwilliam in the list of candidates for the election to the Company’s Board of Directors. Mr. Clanwilliam was nominated for the position of an independent director by a group of minority shareholders.

In addition, the Board of Directors recommended that the AGM approves Deloitte&Touche CIS as the Company’s IFRS and Russian Accounting Standard auditors in 2015.

The AGM materials will be available from May 27, 2015 on Sistema’s website www.sistema.ru or by request from Sistema’s head office.

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For further information, please visit www.sistema.com or contact:

Investor Relations

Evgeniy Chuikov

Tel: +7 (495) 692 11 00

ir@sistema.ru

 

Public Relations

Sergey Kopytov

Tel.: +7 (495) 228 15 27

kopytov@sistema.ru

Sistema is a publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of US$ 16.6 billion for the full year of 2014, and total assets of US$ 20.7 billion as at December 31, 2014. Sistema’s global depository receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the symbol “AFKS” on the Moscow Exchange. Website: www.sistema.com

The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might” the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. In addition, there is no assurance that the new contracts entered into by our subsidiaries referenced above will be completed on the terms contained therein or at all. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.

Short Name: JSFC Sistema
Category Code: NOA
Sequence Number: 461912
Time of Receipt (offset from UTC): 20150417T171331+0100

Contacts

JSFC Sistema

Contacts

JSFC Sistema