Key Developments: Rostelekom OAO (ROSYY.PK)
21.75USD
22 May 2013
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$22.00
$21.75
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$28.05
$18.95
Latest Key Developments (Source: Significant Developments)
Rostelekom OAO to Appoint New CFO-Interfax
Interfax reported that Rostelekom OAO will soon appoint Mr. Kai-Uwe Mehlhorn to be the Company's Chief Financial Officer (CFO), company head Mr. Sergei Kalugin said at a meeting with representatives from Barclays, bank analysts said in a report. Rostelekom OAO confirmed to Interfax that it had offered the appointment to Mr. Mehlhorn, who accepted. He will take up his new duties once all formalities have been competed, the Company said. Full Article
Rostelekom OAO Recommends Dividend Payment for FY 2012-Interfax
Interfax reported that the Board of Directors of Rostelekom OAO has recommended its shareholders to approve dividend payment for the fiscal year 2012 in the amount of RUB 2.4369 per ordinary share, as well as RUB 4.1022 per preferred share. Total payments will be RUB 8.17 billion, or 25% of net profit under to Russian Accounting Standards (RAS), the Company said. Full Article
Mobil'nye TeleSistemy OAO Urges Tele2 AB's Russian Asset To Start Talks Over $4.25 Billion Offer With Vimpelcom Ltd; Rostelekom OAO, VTB Bank OAO In Race For Unit-Reuters
Reuters reported that Mobil'nye TeleSistemy OAO (MTS) on Monday urged Tele2 AB to start talks over the Nordic operator's Russian asset after making a bid of up to $4.25 billion, and said it was strange for management to ignore such an offer. MTS joined with Vimpelcom Ltd, part-owned by billionaire Mikhail Fridman, to bid for Tele2's Russian unit on Thursday, topping a lower bid by Fridman's A1 investment group and an agreed deal with state-controlled bank VTB Bank OAO. MTS and Vimpelcom are bidding for Tele2 Russia to try and prevent government-controlled Rostelekom OAO from taking the asset, some analysts have speculated. MTS said it has still had no response from Tele2. VTB has said that its deal is concluded and legally binding. MTS and Vimpelcom's offer to buy Tele2 was for $4.0 billion to $4.25 billion, topping A1's all-cash bid of $3.6-$4 billion and VTB's $3.5 billion deal. A1 said that it may take legal action to defend its right to buy. Full Article
Rostelekom OAO Appoints New President-Interfax
Interfax reported that Rostelekom OAO has dismissed Mr. Aleksandr Yurevich Provotorov from the post of the Company's President. Following this, Mr. Sergey Borisovich Kaluigin has been appointed new President of the Company. The changes are effective as of March 27, 2013. Full Article
Rostelekom OAO Approves Share Buyback Price as Part of Reorganization Process
Rostelekom OAO (Rostelecom) announced that its Board of Directors has determined the share price for each ordinary share and each preferred share that will be bought back by the Company from shareholders voting ‘against’ Rostelecom’s reorganization and from those not taking part in the voting. Both single share prices were valued at market rates by Ernst and Young as an independent appraiser, and set at RUB 136.05 for ordinary shares and RUB 95.24 for preferred shares. The Group will seek to approve this latest step of its reorganization, which sees Rostelecom and Svyazinvest assets being merged at Rostelecom’s AGM in the summer of 2013. The evaluation of Rostelecom shares is the latest step in the second stage of the Group’s reorganization, which is in accordance with a Russian Presidential Decree, and is aimed at simplifying the Group’s shareholder structure and eliminating any cross-ownership between Rostelecom and Svyazinvest. The Group has already completed a number of stages as part of the reorganization process, which saw Rostelecom acquire ZAO Sky Link and issue additional Svyazinvest shares, which were then acquired by the State by exchanging stakes in a number of telecom assets. Full Article
Fund Marshall Capital Sells its Stake in Rostelekom OAO to Structure of Businessman Mr. Arkady Rotenberg-Prime
Prime reported that Mr. Konstantin Malofeev's Fund Marshall Capital has sold its stake of 10.7% in Rostelekom OAO to the structure of businessman Mr. Arkady Rotenberg, Fund Marshall Capital said. Financial details were not disclosed. Full Article
Rostelekom OAO to Issue Series 19 Bonds Totaling RUB 10 Billion
Rostelekom OAO announced that it has started to pre-market its RUB 10 billion of series 19 bonds. The Company’s latest bond issue is part of an approved bond issue programme worth a total nominal value of RUB 100 billion. VTB Capital CJSC, Gazprombank OJSC and CJSC Sberbank CIB will organise the placements. The bonds will have such characteristics: the nominal value of a single bond will be RUB 1,000; bonds will mature in 5 years; a put option can be exercised after 3 years; the coupon period has 182 days. It is anticipated that order books will be opened on March 4, 2013, with a closing date of March 5, 2013. Bond issue 19 has been included on Quotation list A1 of the MICEX–RTS Stock Exchange. Full Article
Rostelekom OAO Prices Series 15 Bonds at 8.2%-Interfax
Interfax reported that Rostelekom OAO (Rostelecom) has set the yield on the first coupon of its series 15 five-year bonds worth RUB 5 billion at 8.20%, the Company said in a statement. Rostelekom OAO took bid for the bonds on January 23. It priced 10 billion in series 18 bonds at 8.2% during book building on January 21-22. All the bonds will be placed on the MICEX exchange on January 30. Sberbank CIB, VTB Capital and Gazprombank (RTS: GZPR) are organizing the placements. Full Article
Rostelekom OAO Places Series 18 Bonds
Rostelekom OAO (Rostelecom) announced that the coupon for the Series 18 bonds has been set at 8.20% per annum, with a period of 182 days. The bonds, totaling a nominal value of RUB 10 billion, will have a maturity of five years from placement. During the course of marketing the bonds, book orders were placed by 52 investors for a total of RUB 22.7 billion. Rostelecom accepted 43 of the 52 book orders given the current market situation and the level of investor demand for the bonds. Rostelecom’s Series 18 bonds are expected to be placed on the MICEX–RTS Stock Exchange and settled on January 30, 2013. The Company decided to open order book for an additional RUB 5 billion of Series 15 bond issue. VTB Capital CJSC, Gazprombank OJSC and CJSC Sberbank CIB are acting as the deal’s organisers. RONIN LLC and REGION Broker Company LLC are acting as its underwriter. Full Article
Rostelekom OAO Receives Permission To Acquire 100% In OOO Tele MIG-SKRIN Newswire
SKRIN Newswire reported that Rostelekom OAO has received the permission from Russian antitrust watchdog to acquire a 100% stake in the charter capital of OOO Tele MIG, the FAS of Russia reported. Further details were not disclosed. Full Article
Russia's Rostelecom plans to sell treasury stock-CEO
MOSCOW, May 20 - Russian state-controlled telecoms operator Rostelecom may sell more than $500 million worth of treasury shares to reduce debt, its newly appointed chief executive Sergei Kalugin said on Monday.
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