OREANDA-NEWS. December 3, 2010. Volga Telecom held an Extraordinary General Meeting of Shareholders by absentee voting.

Shareholder included the following issues on the agenda of the meeting:

On the Company’s payment of dividends based on the results of the first nine months of the fiscal year.

On making amendments to Regulations on the Board of Directors of VolgaTelecom.

On annual remuneration payable to member of the Board of Directors of the Company, which have performed their duties since the annual general meeting of shareholders on June 16, 2010. 

A resolution was passed on the issued referred to in agenda item # 1.  Shareholders approved the amount of dividends recommended by the Board of Directors of VolgaTelecom, as follows:

- 0.0000001219686990% of the Company’s net profit on the results of the first nine months of the 2010 fiscal year per one class A preferred share;

- 0.0000000618507720% of the Company’s net profit on the results of the first nine months of the 2010 fiscal year per one common share.

No resolutions were passed on agenda items # 2 and 3.

The list of persons eligible to participate in the Company’s extraordinary general meeting of shareholders (the record date), was compiled as of September 20, 2010.