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Krasnodar, April 18, 2005 – Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; OTC: STJSY), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that on April 15, 2005 the Company’s Board of Directors adopted the resolutions (Minutes ? 32):
— to hold Annual General Shareholders' Meeting of Public Joint –Stock Company "Southern Telecommunications Company” in the form of joint personal presence of
shareholders on June 30, 2005 at the venue: 66, Karasunskaya Street, Krasnodar, Krasnodar krai (AGM will open at 11:00 a.m., Moscow time; registration of the
shareholders will start at 9:00 a.m., Moscow time);
— to determine May 11, 2005 as the cut-off date for making the list of shareholders entitled to participate in UTK’s Annual General Shareholders' Meeting and to receive 2004 dividend.
Additional information about the Company can be accessed on the corporate site www.stcompany.ru
Southern Telecommunications Company PJSC, or UTK, is the principal provider of fixed line telecommunications for Russia’s Southern Federal District, a region covering 520 ths sq km with population of 18.7 million people. "UTK" PJSC provides various telecom services of local and long-distance telephony, broad range of value-added
services (VAS) (services of Internet, IP-telephony, ISDN, VPN and others). Total revenue of "UTK" PJSC for the year 2004 is up 24% to RUR 16.8 bln, EBITDA is up 25% to RUR 4.3 bln (RAS). Number of basic telephone sets operated by "UTK" PJSC makes 4 million units. During 2004 UTK increased its market share of local fixed- line services to 83%, value-added services – to 44%.
UTK is a subsidiary of Svyazinvest holding which owns 38% of the Company’s authorized capital. UTK shares are traded in the Classic Market of NP “ FB RTS” (KUBN; KUBNP), the Russian Trading System (RTS) (KUBNG; KUBNPG)), in the stock section of the Moscow Interbank Currency Exchange (MICEX) (UTEL; UTELP). One unit of American Depositary Receipt of "UTK" PJSC represents 50 common shares of the Company. UTK ADRs are traded in the US over-the-counter market (STJSY), and quoted in the over-the counter market of Frankfort and Berlin Stock Exchanges (KUE) and NEWEX (KUE).
Additional information about the Company can be accessed on the website at www.stcompany.ru, in the Information Disclosure System SKRIN Issuer, in KUBN_RU of the systems Bloomberg and Reuters as well as on the web-portal Rustocks.com.
For any further information please contact:
UTK IR Team
phone + 7 861 253 20 30, fax + 7 861 253 19 69, e-mail: pmaleev@mail.stcompany.ru
UTK PR Team
phone + 7 861 259 56 99, fax + 7 861 259 56 99, e-mail : dali@mail.stcompany.ru |
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