Notice of EGM
JSC Sitronics
SITRONICS SETS DATE OF EGM OF SHAREHOLDERS
MOSCOW, Russia – November 26, 2009 – 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 the Board of Directors (the “Board”) has set a date for
an Extraordinary General Meeting of SITRONICS’ Shareholders (“EGM”) for
February 25, 2010.
The proposed agenda for the EGM includes the election of members to the
Board of Directors; SITRONICS’ participation in the “Infocommunication
Services Market Participants Union” (a non-commercial organisation); and
the approval of an interested party transaction.
Shareholders registered as at the record date of December 3, 2009 will
be eligible to participate and vote at the meeting. The EGM will take
place at 3.00 pm Moscow time at the following address: 39/5, 3-ya
Tverskaya-Yamskaya Street, Building 1, Moscow, 125047, Russia.
Further information with regard to the EGM and other related issues will
be available on the Group’s website at www.sitronics.com.
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For further information, please visit www.sitronics.com
or contact:
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’ 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$ 404.0 million for the six months
ended June 30, 2009 and had total assets of US$ 1,844.8 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.
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.
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