OREANDA-NEWS. January 26, 2011. VolgaTelecom (RTS: NNSI/NNSIP, MICEX: VTEL/VTELP, ADR: VLGAY) has paid out dividends on common shares that accrued on the results of fiscal 2009.  The total amount of dividends disbursed on common shares amounted to RUR 636,264,088.53.  The amount of dividends accrued on one common share was RUR 2.599451. Dividends were paid out in cash.

The decision on the amount of dividends and the schedule for their payment was adopted at the annual general meeting of shareholders of VolgaTelecom on June 21, 2010.  The amount of dividends accrued on common shares reached RUR 639,385,896.0.  Payment of dividends in full was due to the failure of shareholders to appear in the issuer’s office to pick up dividends in cash, and also because of incorrect or incomplete data on bank account details and the postal addresses of shareholders.