Director/PDMR Shareholding
JSC Sitronics
FOR IMMEDIATE RELEASE July 30, 2009
CHANGES IN MANAGEMENT AND DIRECTOR SHAREHOLDINGS
JSC SITRONICS (SITRONICS or the “Group”) (LSE:SITR), a leading provider
of telecommunications, information technology and microelectronic
solutions in Russia and the CIS, with a growing presence in other EEMEA
emerging markets, today announced that, under the terms of the share
option programme launched in March 2006, the participants of the
programme have increased their shareholdings in SITRONICS.
The members of Management Board and Board of Directors’ shareholdings
now stand as follows:
-
Sergey Aslanian - President and CEO of SITRONICS, Member of the Board
of Directors and Member of the Management Board - has acquired
23,915,453 shares, which represents 0.273% of SITRONICS’ total
outstanding share capital, at a price of RUB 1.00 per share, and
therefore increased his shareholding to a total of 65,580,742 shares
representing 0.748% of the SITRONICS’s total outstanding share capital
-
Nikhad Khurem - Member of the Board of Directors - has acquired
18,697,566 shares, which represents 0.213% of SITRONICS’ total
outstanding share capital, at a price of RUB 1.00 per share, and
therefore increased his shareholding to a total of 45,771,502 shares
representing 0.522 % of SITRONICS’ total outstanding share capital
-
Konstantin Khachaturov - Vice President for Corporate Development and
Member of the Management Board - has acquired 3,188,727 shares, which
represents 0.036% of SITRONICS’ total outstanding share capital, at a
price of RUB 1.00 per share, and therefore increased his shareholding
to a total of 8,742,437 shares representing 0.099% of SITRONICS’ total
outstanding share capital
-
Gennady Krasnikov - Head of SITRONICS Microelectronic Solutions and
Member of the Management Board - has acquired 9,348,783 shares, which
represents 0.106% of SITRONICS’ total outstanding share capital, at a
price of RUB 1.00 per share, and therefore increased his shareholding
to a total of 174,173,871 shares representing 1.985% of SITRONICS’
total outstanding share capital
-
Alexander Krasovsky - Vice President for Sales and Marketing, Member
of the Management Board - has acquired 3,985,909 shares, which
represents 0.045% of SITRONICS’ total outstanding share capital, at a
price of RUB 1.00 per share, and therefore increased his shareholding
to a total of 10,928,047 shares representing 0.125% of SITRONICS’
total outstanding share capital
-
Alexandros Manos - CEO of INTRACOM TELECOM and Member of the
Management Board - has acquired 9,348,783 shares, which represents
0.106% of SITRONICS’ total outstanding share capital, at a price of
RUB 1.00 per share, and therefore increased his shareholding to a
total of 16,262,169 shares representing 0.185% of SITRONICS’ total
outstanding share capital
-
Mikhail Minkovsky - Vice President for New Technologies and Member of
the Management Board - has acquired 4,783,091 shares, which represents
0.054% of SITRONICS’ total outstanding share capital, at a price of
RUB 1.00 per share, and therefore increased his shareholding to a
total of 13,116,149 shares representing 0.149% of SITRONICS’ total
outstanding share capital
-
Oleg Sherbakov - Vice President for Corporate Property and Member of
the Management Board - has acquired 1,335,540 shares, which represents
0.015% of SITRONICS’ total outstanding share capital, at a price of
RUB 1.00 per share, and therefore increased his shareholding to a
total of 3,277,124 shares representing 0.037% of SITRONICS’ total
outstanding share capital
According to the Disclosure and Transparency Rules of the Financial
Services Authority, SITRONICS’ treasury shares were not included in the
calculation of respective holdings. The indicated total outstanding
share capital also excludes SITRONICS’ treasury shares.
***
For further information, please visit www.sitronics.com
or contact:
|
Corporate Communications
Irina LaninaIrina Lanina
Vice PresidentVice President
Tel:
+7 495 225 0030Tel:
+7 495 225 0030
lanina@sitronics.com
|
|
|
|
Shared Value Limited
Anastasia GorokhovaAnastasia Gorokhova
Investor
RelationsInvestor
Relations
Tel: +44 (0) 20 7321 5010Tel: +44 (0) 20 7321 5010
sitronics@sharedvalue.net
|
SITRONICS is a leading provider of telecommunication solutions,
including software, equipment and systems integration, IT solutions and
microelectronic solutions in Russia and the Commonwealth of Independent
States with a strong presence in Central and Eastern Europe and a
growing presence in the Middle East and Africa.
SITRONICS serves over 3,500 clients, maintains offices in 32 countries
and exports its products and services to more than 60 countries.
SITRONICS has around 10,000 employees of whom approximately 4,500 are
involved in research and development.
SITRONICS’ key Telecommunication Solutions operations are based in
Prague, Czech Republic and Athens, Greece, while the company’s IT
Solutions and Microelectronics divisions are based in Kiev, Ukraine and
Zelenograd, Russia respectively.
SITRONICS generated revenues of US$ 214.9 million for the three months
ended March 31, 2009 and had total assets of US$ 1,743.6 million at the
end of the period. SITRONICS is majority owned by Sistema, the largest
public diversified corporation in Russia and the CIS, which manages fast
growing companies operating in the consumer services sector.
SITRONICS has developed strategic alliances in its home markets with
Cisco Systems, STMicroelectronics, Infineon and Giesecke & Devrient in
relation to certain products and services. SITRONICS has vendor
relationships with Siemens, Ericsson, Motorola, ORACLE, Intel, Sun
Microsystems and Microsoft. Key customers include Sistema group
companies, such as MTS, Comstar-UTS and MTT, and also OTE, Cosmote,
Vodafone, Ericsson, Arcelor Mittal (formerly Mittal Steel) and TCL.
Some of the information in this press release may contain projections
or other forward-looking statements regarding future events or the
future financial performance of SITRONICS. You can identify
forward-looking statements by terms such as 'expect,' 'believe,'
'anticipate,' 'estimate,' 'intend,' 'will,' 'could,' 'may' or 'might'
the negative of such terms or other expressions. These statements are
only predictions and actual events or results may differ materially. We
do not intend to or undertake any obligation to update these statements
to reflect events and circumstances occurring after the date hereof or
to reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained in
our projections or forward-looking statements, including, among others,
general economic conditions, our competitive environment, risks
associated with operating in Russia, rapid technological and market
change in our industries, and other factors specifically related to
SITRONICS and its operations.
