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Mobile TeleSystems OAO plans reorganization


Sunday, 18 May 2014 08:00pm EDT 

Mobile TeleSystems OAO:Recommends to approve the reorganization of MTS through the takeover of Elf CJSC, EFCOM CJSC, Pilot CJSC, TVKiK CJSC, ZhelGorTeleCom CJSC, Intercom CJSC, TRK TVT OJSC, Kaskad-TV CJSC, Kuznetsktelemost CJSC, Sistema Telecom CJSC, and TZ CJSC.The board decided that owners of MTS ordinary shares voting against this issue or those who abstain from voting will be eligible for share repurchase at the price of 208 Russian rubles per ordinary share.The AGM will be held on June 24. 

Company Quote

13.46
-0.07 -0.52%
4:00pm EDT