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Svyazinvest

December 12, 2001

OJSC Elektrosvyaz, Novosibirsk Region votes for the merger

On December 21 an EGM of OJSC Elektrosvyaz, Novosibirsk was held in Novosibirsk at which a motion was passed to merge 10 companies into the Siberian mega-regional telecom concern.  As it turned out, 99.46% of the shareholders in attendance voted for the merger.  The shareholders also passed a motion to approve the various merger agreements.

EGMs were held from December 10 - 19, 2001 at all companies that are to be merged to OJSC Elektrosvyaz, Novosibirsk Region.  The table below illustrates the outcome of the voting:

 

?

Name of Company

Results of Voting

1.

OJSC Elektrosvyaz, Republic of Altai

100%

2.

OJSC Elektrosvyaz, Republic of Burytiya

93.47%

3.

OJSC Elektrosvyaz, Republic of Khakassiya

100%

4.

OJSC Elektrosvyaz,

Krasnodar krai

98.33%

5.

OJSC Elektrosvyaz,

Irkutsk Region

86.64%

6.

OJSC Elektricheskaya svyaz, Kemero Region

95.12%

7.

OJSC Elektricheskaya svyaz, Omsk Region

87%

8.

OJSC Elektrosvyaz,

Chita Region

92.43%

 

9.

OJSC Altaitelecom

98.60

10

OJSC Tomsktelecom

98.92

Members of the board of directors of OJSC Elektrosvyaz, Novosibirsk Region were in attendance at the meetings, as well as people from Alfa Bank, the financial consultant for this mega-regional merger.  Thus the first step towards forming a single operator in the Siberian federal district is complete.  By voting in favor of the merger, shareholders in the core and merging companies expressed their firm intention to proceed with the creation of a unified company, and expressed their confidence in the outlook for its development.

 

 

 

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