MTS Announces Decisions of its Board of Directors

Aug 01, 2016, 05:35 ET from Mobile TeleSystems (MTS)

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MOSCOW, August 1, 2016 /PRNewswire/ --

PJSC MTS (NYSE: MBT, MOEX: MTSS), the leading telecommunications operator in Russia, announces the decisions reached at the meeting of the Board of Directors ("BoD" or "the Board") held on July 29, 2016.

At the meeting, the Board took the following decisions:

  • To set September 30, 2016, as the date of the Extraordinary General Meeting of shareholders ("the EGM");
  • To set the record date for the Company's shareholders entitled to participate in the EGM for September 5, 2016;
  • To recommend that the EGM approves semi-annual dividends of RUB 11.99 per ordinary MTS share (RUB 23.98 per ADR), or a total of RUB 23.96 billion (RUB 23,960,595,084.25), based on H1 2016 financial results;
  • To recommend that the EGM set the record date for shareholders entitled to receive dividends for H1 2016 for October 14, 2016;
  • Approval of the cost for audit services;
  • Approval of the agenda for the EGM, as well as procedures surrounding the preparation and organization of the EGM, which will include approval of participation of MTS PJSC in non-profit organizations; and
  • Approval of certain related-party transactions.

About Mobile TeleSystems (MTS):

Mobile TeleSystems PJSC ("MTS" - NYSE: MBT; MOEX:MTSS) is the leading telecommunications group in Russia, Central and Eastern Europe. We provide wireless Internet access and fixed voice, broadband and pay-TV to over 100 million customers who value high quality of service at a competitive price. Our wireless and fixed-line networks deliver best-in-class speeds and coverage throughout Russia, Ukraine, Armenia, Turkmenistan, Uzbekistan and Belarus. To keep pace with evolving customer demand, we continue to grow through innovative products, investments in our market-leading retail platform, mobile payment services, e-commerce and IT solutions. For more information, please visit: .

Learn more about MTS. Visit the official blog of the Investor Relations Department at

For further information, please contact in Moscow:

Joshua B. Tulgan Director, Department of Corporate Finance and Investor Relations Mobile TeleSystems PJSC Tel: +7-495-223-2025 E-mail:

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

SOURCE Mobile TeleSystems (MTS)