Sistema PJSFC (SSA)
Sistema PJSFC: Sistema announces decisions of its Board of Directors
18-May-2020 / 09:45 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Sistema announces decisions of its Board of Directors
Moscow, Russia - 18 May 2020 - Sistema PJSFC (hereinafter "Sistema" or the
"Corporation") (LSE: SSA, MOEX: AFKS), a Russian publicly traded diversified
holding company, announces the decisions taken at the meeting of its Board
of Directors held on 16 May 2020.
The Board of Directors decided to hold the annual general meeting of
shareholders (hereinafter "AGM") on 27 June 2020. Due to the challenging
epidemiological situation in Russia and globally brought on by the spread of
coronavirus, AGM will be held by absentee vote. Sistema will arrange a live
webcast on 27 June 2020 to review the results of the reporting year. The
record date for determining shareholders eligible to participate in the AGM
is 02 June 2020. As provided by the law, the shareholders who vote before 27
June 2020 will be deemed to have participated in the AGM.
The Board of Directors recommended a dividend for the 2019 financial year of
RUB 1,254.5 million, representing a payment of RUB 0.13 per ordinary share
(RUB 2.6 per GDR), to be approved by the AGM. The Board of Directors
recommended to the AGM to set 16 July 2020 as the dividend record date.
Sistema's Board of Directors has approved a list of nominees to the Board of
Directors to be voted on at the AGM. This list of nominees includes:
1) Vladimir Evtushenkov;
2) Anna Belova (as an independent director);
3) Andrey Dubovskov;
4) Felix Evtushenkov;
5) Ron Sommer;
6) Robert Kocharyan (as an independent director);
7) Roger Llewelyn Munnings (as an independent director);
8) Vladimir Chirakhov;
9) Anatoly Chubais (as an independent director);
10) Mikhail Shamolin;
11) ??tienne Schneider (as an independent director);
12) David Iakobachvili (as an independent director).
The above nominees to the Board of Directors had been reviewed and
recommended by the Board's Nomination, Remuneration and Corporate Governance
Committee.
The Board of Directors has also approved the new composition of the
Management Board of Sistema PJSFC. The updated Management Board includes:
1) Vladimir Chirakhov, President, Chairman;
2) Igor Alyoshin, Vice President for Security;
3) Sergey Egorov, Managing Partner;
4) Artyom Zasursky, Vice President for Strategy and Development;
5) Alexey Katkov, Managing Partner;
6) Svetlana Matveyeva, Vice President for HR;
7) Leonid Monosov, Managing Partner;
8) Oleg Mubarakshin, Managing Partner;
9) Vsevolod Rozanov, Managing Partner;
10) Artyom Sirazutdinov, Managing Partner;
11) Vladimir Travkov, Vice President for Finance;
12) Ali Uzdenov, Managing Partner;
13) Sergey Shishkin, Vice President for Corporate Governance and Legal
Affairs.
Recognising increased focus on ESG (environmental, social & governance
factors of the business) in modern corporate culture, Sistema's Board of
Directors approved an amended version of the Corporate Governance Code
consistent with the best international ESG practices and reflecting the
Corporation's commitment to best in class ESG performance.
Biographies
??tienne Schneider joined the government of the Grand Duchy of Luxembourg in
2012 as Minister of the Economy and Foreign Trade. In 2013 he was Deputy
Prime Minister, Minister of the Economy, Minister of Internal Security and
Minister of Defense of the Grand Duchy of Luxembourg. From 2018 till
February 2020 he served as Deputy Prime Minister, Minister of the Economy
and Minister of Health of the Grand Duchy of Luxembourg. From 1995 till 2005
??tienne Schneider served as a municipal councilor in Kayl in Luxembourg.
Following the municipal elections of 2005, he was elected first alderman, a
mandate he held until 2010. From 1997 to 2004 he assumed the role of
secretary general of the Luxembourg Socialist Workers' Party (LSAP)
parliamentary group in the Luxembourg Parliament. He graduated from the
Institut catholique des hautes études commerciales (ICHEC) in Brussels and
from the Greenwich University in London. He was awarded a degree in
commercial and financial sciences in 1995.
Anatoly Chubais serves as Chairman of the Executive Board at RUSNANO
Management Company LLC. In 1998-2008 he headed RAO Unified Energy System of
Russia and accomplished its reform. In 1992-1998 he occupied leadership
roles within Russian Government and the President Administration. In
1995-1996 Anatoly Chubais served as member country governor for Russia at
the World Bank and the International Monetary Fund. In 1977 he graduated
from the Leningrad Institute of Engineering and Economics, he holds PhD in
economics. In 2010 he received the Order "For Merit to the Fatherland" IV
class.
***
Sistema PJSFC is a Russian publicly-traded diversified holding company
serving over 150 million customers in the sectors of telecommunications,
high technology, banking, retail, timber processing, agriculture, real
estate, tourism and healthcare services. The company was founded in 1993.
Its revenue in 2019 reached RUB 656.9bn; its total assets equalled RUB 1.3tn
as of 31 December 2019. Sistema's global depositary receipts are listed
under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary
shares are listed under the "AFKS" ticker on Moscow Exchange. Website:
www.sistema.ru [1]
***
For further information, please visit www.sistema.com [1] or contact:
IR Service Press Service
Nikolay Minashin Sergey Kopytov
Phone: +7 (495) 730 66 00 Phone: +7 (495) 228 15 32
n.minashin@sistema.ru kopytov@sistema.ru
ISIN: US48122U2042
Category Code: MSCH
TIDM: SSA
LEI Code: 213800JSZ2UUK4QQK694
Sequence No.: 64252
EQS News ID: 1048707
End of Announcement EQS News Service
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=1048707&site_id=vwd&application_name=news
(END) Dow Jones Newswires
May 18, 2020 02:45 ET (06:45 GMT)
