OREANDA-NEWS. On 04 July 2008 was announced, that the results of Svyazinvest’s board of directors meeting :

The following decisions were adopted:

1.      On the issue of “Preparations for the annual general shareholders meeting of the company: the issue was adopted to convene the annual general shareholders meeting on June 30, 2008.

2.      On the issue of “Recommendations for the annual general shareholders meeting about allocating profit, including the amount and procedure for paying out dividends on shares for the results of the 2007 fiscal year, the following decisions were adopted:

1)      To recommend that the annual general shareholders meeting adopt the decision to allocate 100% of the company’s net profit derived from current activity for the 2007 fiscal year in the amount of Rub 255,016,000 for dividend payout;

2)      To pay dividends for the 2007 fiscal year in the amount of Rub 0.0130654629 per one common share;

3)      To pay dividends by transferring cash to the accounts of shareholders within 60 days from the date on which the decision is adopted to pay out dividends.