Sistema PJSFC: Sistema announces decisions of its Board of Directors

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: [phone] Phone: [phone] 
 
    [e-mail]        [e-mail] 
 
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)