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Armenian Ex-President Kocharyan Has His Share In AFK Sistema Increas

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  • Armenian Ex-President Kocharyan Has His Share In AFK Sistema Increas

    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--

    - See more at:
    http://arka.am/en/news/business/armenian_ex_president_kocharyan_has_his_share_in_a fk_sistema_increased/#sthash.hk6gZxjG.dpuf

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