С 1 апреля 2011 года ОАО «Уралсвязьинформ» является частью российской национальной телекоммуникационной компании «Ростелеком» и теперь будет осуществлять свою деятельность в качестве ее макрорегионального филиала «Урал»
Dividends are a part of the Company’ net profit which is distributed among the shareholders on a pro rata basis to the number of shares of a respective category held by them. Dividends are paid out of the Company’ net profit on the results of the fiscal year stated in the Profit and Loss Statement under RAS.
What is Uralsvyazinform’s dividend policy?
Our dividend policy is formulated in the “Regulations on Dividend Policy” approved by the Board of Directors on February 25, 2004.
Below are the excerpts from the Regulations:
Total amount of dividends on each common share as recommended by the Board of Directors shall be not less than at the rate of 10 percent of the Company net profit on the last fiscal year divided by the number of common shares.
Holders of preferred shares are entitled for a fixed dividend paid out annually except for the cases specified in the current legislation and the Charter. The amount paid out as dividends on each preferred share shall be at the rate of 10 percent of the Company net profit on the last fiscal year divided by the number of preferred shares. As the same time, provided the pay-out per each common share in a given fiscal year exceeds the pay-out on each preferred share, the pay-our for preferred shares shall be made equal to this paid for common shares.
The information on dividend history may be found in Dividends section.
Who is responsible for decisions to pay out dividend?
Decisions to announce, pay out or not pay out dividend, and determine the amount of pay-out are taken by the General Shareholders’ Meeting.
Who is entitled for a dividend?
Dividend is paid to the shareholders included in the register of shareholders as of the record date (when the list of shareholders entitled to participate in the AGM on which the decision on dividend payment to be taken is composed).
How can a shareholder receive his/her dividends?
Established legal entities receive dividends via bank transfer only.
Legal entities and nominees’ clients (individuals and organizations) shall receive their dividend via an Agent — Obiedinennaya Registratsionnaya Komapniya (OJSC United Registrar). United Registrar conducts dividend pay-out operations based on an Agreement between Uralsvyazinform and United Registrar # d-01/03 dated 01/08/2003.
Contact details of Dividend Agent
Open Joint-Stock Company “Obiedinennaya Registratsionnaya Komapniya”
Postal address: P. O. Box 162, Moscow, 107078, Russian Federation
Telephone: +7 (495) 504-28-86
Fax: +7 (495) 504-28-86
E-mail: [email protected]
Website:
How can an ADR holder receive his / her dividends?
Whether the ADR holder has any of such questions — he/she should address these to its nominal holder or Depositary bank JPMorgan Chase Bank.
Contact details
JPMorgan Chase Bank
Trinity Tower, 9 Thomas More Street, London E1W 1YT
Tel: +44 20 7777-2020
Fax: +44 20 7777-2989
Is there any tax payable out of the profit received in the form of dividends?
In accordance with the Russian Tax Code, the Company will withhold tax on income received in the form of dividends, i.e. you will receive your dividends net of tax.
What taxation procedures apply for the incomes received in the form of dividend?
Calculation and payment of income tax on income received in the form of dividends, is made in compliance with the Tax Code of the Russian Federation enacted on January 01, 2002.
The new Tax Code of the Russian Federation stipulates the following withholding tax rates with regard to the income received in the form of dividends:
For resident legal entities and individuals — 9% (Paragraph 1, Clause 3, Article 284 of the Russian Tax Code);
For non-resident legal entities — 15% (Paragraph 2, Clause 3, Article 284 of the Russian Tax Code);
For non-resident individuals — 30% (Clause 3, Article 224 of the Russian Tax Code).
Please address all queries regarding dividends to Equity Department (shareholders) on +7 343 376-21-60, or the Depository Bank, JP Morgan Chase Bank. (ADR holders).
