Armenian ex-president Kocharyan has his share in AFK Sistema increased

Armenian ex-president Kocharyan has his share in AFK Sistema increased

YEREVAN, July 15. /ARKA/. AFK Sistema Corporation has provided a total of about 0.01% shares (965,831 equities) to its board members in remuneration, Novosti-Armenia reported referring to RIA Novosti.

As of July 11, AFK equity cost 47.1 rubles on the Moscow Stock Exchange, which means the equity package provided to the board of directors is 45.491 million rubles.

In particular, seven board members received 75,833 equities each (0.0078% of the authorized stock each) with an independent director and EU ex-commissionaire on trade and former British first minister Peter Mandelson among them for the first time. Another six members of the board of directors got 72,500 equities each (0.0075%).

The share of the ex-president of Armenia Robert Kocharyan has increased up to 0.0052%

Robert Kocharyan became a stockholder of AFK Sistema in July 2010 when the corporation gave its stockholders equities worth a total of $1.1 million as remuneration. Kocharyan became then an AFK stockholder for the first time, together with president of Sistema Leonid Melamed and the head of Shyam Group of India Rajiv Mehrotra. Each of the board members received approximately 0.0009% of 9.650 billion equities.

AFK Sistema is a major Russian conglomerate company operating a number of consumer service businesses in the areas of IT and telecommunications, microelectronics, insurance, banking, house-building, retail, media, oil, real estate and medicine. The authorized stock of the corporation is 868.5 million rubles and 9.65 billion equities, 0.09 rubles each. –0--

12:12 15.07.2014

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