OREANDA-NEWS. November 10, 2010. VolgaTelecom’s Board of directors by the majority of votes has made the decision to convene extraordinary general meeting of shareholders and set:

- the date of holding extraordinary general meeting of shareholders – January 20, 2011;

- location of holding extraordinary general meeting of shareholders: Dom Svyazi, M. Gorky Square, Nizhny Novgorod, 603000, the Russian Federation;

- the time of commencement of holding extraordinary general meeting of shareholders: 10-00 a.m. (local time) of January 20, 2011;

- the time of commencement of registration of persons participating in extraordinary general meeting of shareholders: 08-00 a.m. (local time) of January 20, 2011;

- mailing addresses where the filled in voting ballots may be sent:

• Dom Svyazi, M. Gorky Square, Nizhny Novgorod, 603000;

• OJSC ORK, P.O.Box 151, Moscow, 115280;

- the date of drawing up the list of entities/individuals entitled to participate in extraordinary general meeting of shareholders is October 27, 2010. 

Also, by the suggestion of shareholder owning over 10% of the Company’s voting shares, the Board of directors approved the following agenda of extraordinary general meeting of shareholders:

1.      On early termination of authorities of members of OJSC VolgaTelecom’s Board of directors.

2.      On election of members of OJSC VolgaTelecom’s Board of directors. 

Shareholders or a shareholder owning in aggregate at least 2% of the Company’s voting shares have the right to nominate candidates for the election in the Company’s Board of directors, and the number of these candidates may not exceed its quantitative composition. The suggestions should come to the Company at least 30 days prior to the date of holding extraordinary general meeting of shareholders.