OREANDA-NEWS. January 18, 2011. OJSC VolgaTelecom (RTS: NNSI/NNSIP, MICEX: VTEL/VTELP, ADR: VLGAY) has paid dividend on its ordinary shares accrued at 2009 fiscal year-end.

The amount of dividend paid on ordinary shares totaled to RUB 636, 264, 088.53. The rate of dividend accrued on one ordinary share – RUB 2.599451. Dividend was paid in cash.

The resolution of the rate of dividend and the time period of its payment was passed by annual general meeting of OJSC VolgaTelecom’s shareholders on June 21, 2010. The amount of dividend accrued on ordinary shares amounted to RUB 639, 385, 896.70. Payment of dividend not in full is related to the non-appearance of shareholders in the issuer’s office for receiving dividend in cash, and also to incorrect or incomplete information on the requisites of the bank accounts and mailing addresses of shareholders.