OREANDA-NEWS. February 01, 2011. Rostelecom (RTS and MICEX: RTKM, RTKMP; OTCQX: ROSYY) has filed an application to the Federal Financial Markets Service (FFMS) for the registration of its additional share issue pursuant to a merger of seven regional telecommunications operators (RTOs) and Dagsvyazinform with the national telecom operator.  A resolution aimed at executing the merged was passed by the Annual General Meeting of Shareholders of Rostelecom on June 26. 2010.

The documentation submitted to the FFMS includes a prospectus for the additional share issue of 2,216,163,000 common shares of Rostelecom, with par value of RUR 0.0025 each. The share issue will be performed by converting the common and preferred shares of CenterTelecom, Sibirtelecom, Far East Telecom, Volga Telecom, North-West Telecom, Uralsvyazinform, Southern Telecommunications Company and Dagsvyazinform into Rostelecom common shares, in line with the ongoing merger process.

In addition, Rostelecom has submitted documentation for the registration of bond issues, which will be performed by converting bonds issued by RTOs.

Pursuant to the effective Russian legislation, the review of the documentation could take up to 30 days. The documentation will be available on Rostelecom’s corporate website in the Investor Relations section following registration at the following address: http://www.rt.ru/centr-invest/financial/fsfr/.

The date for the conversion of RTO and Dagsvyazinform shares and RTO bonds into Rostelecom additional common shares and bonds, respectively, will be the date on which the termination of activities of each of the merged entities is registered in the Unified State Register of Legal Entities.