REG-ROSTELECOM PJSC ROSTELECOM PJSC: Rostelecom's Board of Directors convenes AGM

Rostelekom PAOAnnouncement

01/04/2022 14:45

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   ROSTELECOM PJSC (RKMD)
   ROSTELECOM PJSC: Rostelecom's Board of Directors convenes AGM

   01-Apr-2022 / 16:31 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                  Rostelecom's Board of Directors convenes AGM

   Moscow, Russia - 1 April 2022. Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX:
   ROSYY), the largest digital service provider in Russia, today announces
   that its Board of Directors has decided to convene the Company's 2021
   Annual General Meeting (the "AGM"), to be held virtually. The deadline for
   submitting voting ballots was set on 30 June 2022. The record date for the
   AGM was set on 7 June 2022.

   The Board of Directors has also set the date of 15 April 2022 (inclusive)
   as the deadline for submitting shareholder proposals for Rostelecom's 2021
   AGM agenda items as well as for nominations to the Board of Directors and
   the Audit Commission.

    

   Investor relations
   +7 (499) 995 9780
    1 ir@rt.ru
    2 www.company.rt.ru/en/ir/

    3 PJSC Rostelecom is the largest integrated digital services and products
   provider, operating in all segments of the telecommunications market in
   Russia. The Company serves millions of households, state and private
   enterprises across the country.

   Rostelecom is  Russia's  undisputed market  leader,  providing  high-speed
   Internet access  and pay-TV.  The total  number of  fibre broadband  users
   stands at c.11 mln users, it has 11 mln pay-TV customers, over 6.4 mln  of
   which are subscribed to Rostelecom's IPTV services. Rostelecom is a  major
   player in  the  mobile market  with  over  47.5 mln  subscribers  and  the
   industry-leading NPS, a customer satisfaction benchmark.

   During the FY  2021, the Group  generated RUB 580.1  bln of revenues,  RUB
   218.8 bln of OIBDA (37.7% of revenue) and RUB 31.8 bln of net income.

   The Group  is  the  leading provider  of  telecommunications  services  to
   government bodies and corporates of all levels.

   Rostelecom is a  key strategic  innovator that provides  solutions in  the
   following fields:  E-Government,  cybersecurity,  data-centres  and  cloud
   computing, biometry, healthcare, education and housing & utility services.

    

                                   *   *   *

   Certain statements in this press release are forward-looking statements
   within the meaning of the U.S. federal securities laws and intended to be
   covered by the safe harbours created thereby.

   Those forward-looking statements include, but are not limited to:

     • Assessment of PAO Rostelecom's (the Company) future operating and
       financial results as well as forecasts of the present value of future
       cash flows and related factors;
     • The Company's plans to take ownership stakes in other organisations;
     • the Company's anticipated capital expenditures and plans to construct
       and modernize its network;
     • the Company's expectations as to the growth in demand for its
       services, plans relating to the expansion of the range of its services
       and their pricing;
     • the Company's plans with respect to improving its corporate governance
       practices;
     • the Company's expectations as to its position in the
       telecommunications market and forecasts on the development of the
       market segments within which the Company operates;
     • economic outlook and industry trends;
     • the Company's expectations as to the regulation of the Russian
       telecommunications industry and assessment of impact of regulatory
       initiatives on the Company's activity;
     • other statements regarding matters that are not historical facts.

    

   Such forward-looking statements are subject to risks, uncertainties and
   other factors, which could cause actual results to differ materially from
   those expressed or implied by these forward-looking statements. These
   risks, uncertainties and other factors include:

     • risks relating to changes in political, economic and social conditions
       in Russia as well as changes in global economic conditions;
     • risks relating to Russian legislation, regulation and taxation,
       including laws, regulations, decrees and decisions governing the
       Russian telecommunications industry, securities industry as well as
       currency and exchange controls relating to Russian entities and their
       official interpretation by regulatory bodies;
     • risks relating to the Company, including the achievement of the
       anticipated results, levels of profitability and growth, ability to
       create and meet demand for the Company's services including their
       promotions, and the ability of the Company to remain competitive in a
       liberalized telecommunications market;
     • technological risks associated with the functioning and development of
       the telecommunications infrastructure, technological innovations as
       well as the convergence of technologies;
     • other risks and uncertainties. For a more detailed discussion of these
       and other factors, see the Company's Annual Report and the Company's
       other public filings.

   Many of these factors are beyond the Company's ability to control or
   predict. Given these and other uncertainties, readers are cautioned not to
   place undue reliance on any of the forward-looking statements contained
   herein or otherwise. The Company does not undertake any obligation to
   release publicly any revisions to these forward-looking statements (which
   are made as of the date hereof) to reflect events or circumstances upon
   the annual report publication or to reflect the occurrence of
   unanticipated events, except as may be required under applicable laws.

    

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   ISIN:          US7785291078
   Category Code: NOA
   TIDM:          RKMD
   LEI Code:      2534001D752JPNM0H170
   Sequence No.:  153207
   EQS News ID:   1318443


    
   End of Announcement EQS News Service

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References

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