Following the general meeting of shareholders of OJSC RTM, it was decided to change the composition of the Board of Directors of the company. In particular, three representatives of an investment holding company FINAM (Sergei Oparin, Aleksei Garyunov Alexander Firsov) were replaced by representatives of investment bank KIT Finance - Nikolai Mylnikov, Michael and Michael Burneyko Shabanov. Rotation of the representatives of the minority holders of large blocks of shares of OJSC RTM will not affect their strategy - they are focused on the preservation of RTAs as a business and reach a compromise with creditors of the developer.

Update Board of Directors does not change the priority of financial investment companies, which include KIT Finance (16.94% ordinary shares), FINAM (12.87% stake) and a number of other companies and foundations. In fact, implemented a planned rotation of representatives of the shareholders in the governance structure of OJSC RTM. CIT Finance will express the interests of most of the consolidated financial investors, creating a strategy for the developer to preserve its leading position in the Russian market.

FINAM and other large minority of packages aimed at building a constructive relationship with the holders of debt obligations of OJSC RTM. In particular, financial investors are planning to establish within the board of directors committee to work with lenders that will work out mutually acceptable terms of debt restructuring.

In fact, our representatives on the board of directors of OJSC RTM representing the interests of all investors, financial companies. We are confident that the colleague from the investment bank KIT Finance, which without exaggeration can be called the leading Russian experts, will continue this line. In addition, the task of the company's shareholders is to ensure a more integrated presence of representatives of interested parties in the governing bodies of OJSC RTM. We are planning on coming in August, the extraordinary shareholders' meeting to make every effort to increase the number of representatives of financial investors on the board of directors to four or five members, - zavil deputy general director of investment holding FINAM Sergey Oparin.

Department of Public Relations and Media Investment Holdings FINAM.
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