OREANDA-NEWS. On 21 March 2008 Southern Telecommunications Company, the principal fixed-line telecommunications provider for Russia’s Southern Federal District announced that its Board of Directors approved a new version of the Provisions on the Dividend Policy of "Southern Telecommunications Company" PJSC (hereinafter referred to as the Provisions) (Minutes №22 of March 19, 2008).

The wording and structure of the Provisions have been revised and amended to comply with the current legislation of the Russian Federation and the Company’s Charter. Some clauses of the Provisions concerning passing of title to the Company’s shares at inheritance, obligations of the Company as a tax agent, unclaimed dividends, responsibility of the Company and the Registrar have been amended/added.