Register closing date: May 3, 2004.
The board of directors also approved the meeting agenda:
1. The approval of the annual report, annual financial reporting, including the P&L statement of the Company for 2003.
2. Profit and losses allocation in 2003 fiscal year.
3. Y 2003 dividend, the forms and terms of its payment on shares of each category.
4. Election of the Company's Board of Directors.
5. Election of the Company's Revision Committee.
6. Approval of the Company's Auditor for 2004.
7. Approval of the new edition Company Bylaws.
8. Approval of the new edition of the General Annual Shareholders Meeting Bylaws.
9. Approval of the new edition of the Board of Directors Bylaws.
10. Approval of the new edition of the Revision Committee Bylaws.
11. Approval of the new edition of the Company Management Board Bylaws.
12. Approval of the new edition of the Company's General Director Bylaws.
The meeting will start at 11.00 a.m. in Renaissance - Moscow hotel conference hall. Registration begins at 9.30.
Moscow City Telephone Network registered capital amounts to RUR 3,831,802,000 and is split into 79,829,200 (83.33% of the registered capital) common shares and 15,965,850 (16.67% of the registered capital) preferred shares at RUR 40 par.
Moscow City Telephone Network majority shareholders are AFK Sistema (46.35%), and Svyazinvest (23.33%). The total number of the company shareholders as of April 1, 2004 was 9,429.
The following chart shows the majority ownership allocation of the company's common voting shares as of 01.04.2004:
| Shareholders |
Ownership, % |
| AFK Sistema |
55,62% |
| Svyazinvest |
28,00% |
PJSC Moscow City Telephone Network is one of the biggest not only in Russia, but among the local wire telecommunications companies in Europe too. The Company's continual priority task is to provide quality telephone communication accessible to the millions of the Russia's capital-city inhabitants. The MGTS personnel of 20 000 persons supply services to about 4.2 million subscribers. The telephone density in Moscow conforms to the European standards - over 50 MGTS telephones per 100 metropolitan residents. There are about 600 MGTS telephone exchanges in operation, and their number increases year by. There are presently 18 000 pay stations available at the Company's public payphone network. To date, the MGTS share amounts to 80% in the Moscow fixed telecommunications market. The dynamic development of the Company is noted for its stable economic situation, prescheduled on-going income growth rate, and for the amount of provided services on the upgrade. The Central Office of PJSC MGTS is located in Moscow at 12, bdg. 3, Petrovskiy Boulevard, Moscow, Russia. The Company's Internet address is www.mgts.ru.
For further details, please approach the Department of
Information and Public Relations - PJSC MGTS.
Tel: +7 (095) 950 0623, fax: +7 (095) 950 0622,
E-mail: pressa@mgts.ru
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