Moskovskaya gorodskaya telefonnaya set' OAO To Merge With Ob''yedinennye TeleSistemy MGTS ZAO And Mobil'nye Telematicheskiye Sistemy Pozitsionirovaniya OAO-AK&M


Sunday, 7 Oct 2012 08:00pm EDT 

AK&M reported that Moskovskaya gorodskaya telefonnaya set' OAO has filed to the Unified State Register of Legal Entities a notification regarding initiation of the Company's reorganization via merger with subsidiary companies Ob''yedinennye TeleSistemy MGTS ZAO and Mobil'nye Telematicheskiye Sistemy Pozitsionirovaniya OAO. As a result of the merger, the shares of Ob''yedinennye TeleSistemy MGTS ZAO will be redeemed, and the Company's capital shall not change. 55,000 of Mobil'nye Telematicheskiye Sistemy Pozitsionirovaniya OAO's ordinary shares of a nominal value of RUB 100 each will be converted into one share of the Company of a nominal value of RUB 40 each. 

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