OJSC Megafon - Appointment of an independent director
RNS Number : 3948R
19 November 2012
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Lord Myners to Join MegaFon Board
MOSCOW, Russia (November 19, 2012) OJSC MegaFon is pleased to announce that
the company shareholders have reached an agreement with Paul Myners to
nominate him as a non-executive independent director of OJSC MegaFon
("MegaFon" or the "Company"). The Appointment will take effect following a
formal nomination processand shareholder approval.
Lord Myners is a former Chief Executive Officer of Gartmore Group, Chairman of
Land Securities and Marks & Spencer, and has also held positions as a Director
of O2 and Orange. He was a Treasury Minister in the last UK government and
before that a member of the Court of the Bank of England.
Commenting on today's announcement, Ivan Tavrin, CEO of MegaFon said: "We will
be delighted to welcome Lord Myners to the Board of MegaFon. His experience
and track record in managing and chairing public companies will be immensely
valuable for us. With the appointment of Lord Myners MegaFon will have a
balanced Board structure with two independent non-executive directors, two
Directors nominated by TeliaSonera and three directors nominated by AF Telecom
which puts in place a strong corporate governance structure".
Peter Lidov Tel: + 7 926
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Elena Alexandrova Tel: + 7 926442
Citigate Dewe Rogerson (London) Tel: +44(0)20 7638
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This document and information contained herein are not a public offer or
advertisement of securities in the Russian Federation and are not an offer, or
an invitation to make offers, to purchase, sell, exchange or transfer any
securities in the Russian Federation or to or for the benefit of any Russian
person or entity, unless and to the extent otherwise permitted under Russian
law, and must not be made publicly available in Russia. Information contained
in this document is intended only for persons who are "qualified investors"
within the meaning of Article 51.2 of the Federal Law No. 39-FZ "On the
Securities Market" dated 22 April 1996, as amended (the "Russian QIs") and
must not be made available to any persons who are not Russian QIs or otherwise
permitted under Russian law to access such information. The GDRs have not
been and will not be registered in Russia and are not intended for
"placement", "public circulation" , "offering" or "advertising" (each as
defined in Russian law) in the Russian Federation except as permitted by
Russian law." The ordinary shares of Open Joint Stock Company MegaFon are
listed on quotation list "V" of CJSC MICEX Stock Exchange.
This release includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the words
"targets", "believes", "expects", "aims", "intends", "will", "may",
"anticipates", "would", "could" or "should" or similar expressions or, in each
case their negative or other variations or by discussion of strategies, plans,
objectives, goals, future events or intentions. These forward-looking
statements all include matters that are not historical facts. By their nature,
such forward-looking statements involve known and unknown risks, uncertainties
and other important factors beyond the Company's control that could cause the
actual results, performance or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. Such forward-looking statements
are based on numerous assumptions regarding the Company's present and future
business strategies and the environment in which the Company will operate in
the future. Forward-looking statements are not guarantees of future
performance. Many factors that could cause the Company's actual results,
performance or achievements to differ materially from those expressed in such
forward-looking statements. These forward-looking statements speak only as at
the date of this release. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with regard thereto or any change in events, conditions or
circumstances on which any such statements are based.
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NRABPBTTMBTBTAT -0- Nov/19/2012 07:00 GMT
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