OREANDA-NEWS. The Annual General Meeting of OJSC "CenterTelecom" Shareholders was held.
 
According to the agenda, shareholders approved the Annual Report, Annual Financial Statements, including Profit and Loss Report (profit and loss accounts) of the Company, and profit distribution of the Company according to the results of the reporting (2006) financial year.
 
The Shareholders Meeting made decision to pay annual dividends according to the results of OJSC "CenterTelecom" activities in 2006:

• 0,38933 rubles per one preference share till August 17, 2007;
• 0,1999621 rubles per one common share till December 20, 2007.
• The total amount of dividends to be paid is 520.35 million rubles. According to the results of 2005, the total amount of paid dividends amounted to 173.2 million rubles, therefore the growth made 200%.
 
According to the voting results, the Board of Directors of OJSC "CenterTelecom" was elected consisting of the following members:

• Mikhail Alekseyev - Representative of OJSC "Svyazinvest"
• Nikolai Arutyunov - Head of the Analytic Division of the Moscow representative office of NCH Advisors, Inc.
• Ekaterina Erofteyeva - Deputy Director of Strategic Development Department of OJSC "Svyazinvest"
• Alexander Kiselev - General Director of OJSC "Svyazinvest"
• Sergei Kuznetsov - First Deputy General Director of OJSC "Svyazinvest"
• Oksana Petrova - Deputy Head of Division under Corporate Governance Department of OJSC "Svyazinvest"
• Victor Polishchuk - Advisor to General Director of OJSC "Russian Telecommunication Network"
• Victor Savchenko - Executive Director – Director of Legal Department of OJSC "Svyazinvest"
• Elena Selvich – Director of Finance Department of OJSC "Svyazinvest"
• Maksim Tsyganov - Managing Director of the branch of OJSC "KIT Finance Investment Bank"
• Alexander Shevchuk - Expert of the Investor Protection Association
• The Audit Commission was elected consisting of the following members:
• Polina Burmistrova - Senior Expert of Corporate Management and Legal Department of OJSC "Svyazinvest"
• Olga Koroleva - Chief Accountant of OJSC "Svyazinvest"
• Yevgeny Nechayev - Head of Division under Strategic Development Department of OJSC "Svyazinvest"
• Igor Pavlov - Deputy Director - Head of Division under Centralized projects Management Department of OJSC "Svyazinvest"
• Sergei V. Podosinov - Head of Division under Internal Audit Department of OJSC "Svyazinvest"
• Mikhail Tretyakov - Head of Division under economy and Finances Department of OJSC "Svyazinvest"
• Natalya Uzlova - Deputy Head of Division under Accounting, Tax and Statistical Reporting Department of OJSC "Svyazinvest"
• "Ernst and Young" LLC was appointed by the decision of the shareholders as the Company’s auditor for 2007.
 
The Shareholders Meeting approved the changes and additions, also the new edition of the Charter of OJSC "CenterTelecom", the new edition of the Regulations on the Company’s Board of Directors, standards (interest) for defining the amount of annual remuneration to be paid to the members of the Company’s Board of Directors elected at the last Annual General Shareholders Meeting.
 
The Shareholders Meeting also made decision to quit OJSC "CenterTelecom" participation in the Association of Electric Communications of Central Region.
 
At the first meeting of the Board of Directors Alexander Kiselev was elected Chairman and Sergei Kuznetsov was elected Deputy Chairman of the Board of Directors.