MOSCOW, August 1, 2016 /PRNewswire/ --
PJSC MTS (NYSE: MBT, MOEX: MTSS), the leading telecommunications
operator in Russia, announces the
decisions reached at the meeting of the Board of Directors ("BoD"
or "the Board") held on July 29,
2016.
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At the meeting, the Board took the following decisions:
- To set September 30, 2016, as the
date of the Extraordinary General Meeting of shareholders ("the
EGM");
- To set the record date for the Company's shareholders entitled
to participate in the EGM for September 5,
2016;
- To recommend that the EGM approves semi-annual dividends of
RUB 11.99 per ordinary MTS share
(RUB 23.98 per ADR), or a total of
RUB 23.96 billion (RUB 23,960,595,084.25), based on H1 2016
financial results;
- To recommend that the EGM set the record date for shareholders
entitled to receive dividends for H1 2016 for October 14, 2016;
- Approval of the cost for audit services;
- Approval of the agenda for the EGM, as well as procedures
surrounding the preparation and organization of the EGM, which will
include approval of participation of MTS PJSC in non-profit
organizations; and
- Approval of certain related-party transactions.
About Mobile TeleSystems (MTS):
Mobile TeleSystems PJSC ("MTS" - NYSE:MBT; MOEX:MTSS) is the
leading telecommunications group in Russia, Central and Eastern Europe. We provide wireless Internet
access and fixed voice, broadband and pay-TV to over 100 million
customers who value high quality of service at a competitive price.
Our wireless and fixed-line networks deliver best-in-class speeds
and coverage throughout Russia,
Ukraine, Armenia, Turkmenistan, Uzbekistan and Belarus. To keep pace with evolving customer
demand, we continue to grow through innovative products,
investments in our market-leading retail platform, mobile payment
services, e-commerce and IT solutions. For more information, please
visit: http://www.mtsgsm.com .
Learn more about MTS. Visit the official blog of the Investor
Relations Department at http://www.mtsgsm.com/blog/
For further information, please
contact in Moscow:
Joshua B. Tulgan
Director, Department of Corporate Finance and Investor
Relations
Mobile TeleSystems PJSC
Tel: +7-495-223-2025
E-mail: ir@mts.ru
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 MTS, as defined in
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify forward looking
statements by terms such as "expect," "believe," "anticipate,"
"estimate," "intend," "will," "could," "may" or "might," and 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. We do not undertake
or intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. We refer you to the documents
MTS files from time to time with the U.S. Securities and Exchange
Commission, specifically the Company's most recent Form 20-F. These
documents contain and identify important factors, including those
contained in the section captioned "Risk Factors" that could cause
the actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others,
the severity and duration of current economic and financial
conditions, including volatility in interest and exchange rates,
commodity and equity prices and the value of financial assets; the
impact of Russian, U.S. and other foreign government programs to
restore liquidity and stimulate national and global economies, our
ability to maintain our current credit rating and the impact on our
funding costs and competitive position if we do not do so,
strategic actions, including acquisitions and dispositions and our
success in integrating acquired businesses, potential fluctuations
in quarterly results, our competitive environment, dependence on
new service development and tariff structures, rapid technological
and market change, acquisition strategy, risks associated with
telecommunications infrastructure, governmental regulation of the
telecommunications industries and other risks associated with
operating in Russia and the CIS,
volatility of stock price, financial risk management and future
growth subject to risks.
SOURCE Mobile TeleSystems (MTS)