OJSC MICEX-RTS announced that at its annual general meeting was held on June 20, 2012, the shareholders approved change of the business name and approved a new version of the charter of the company. The new version of the charter implies separation of power between the President and Chief Executive Officer. The company approved the dividend will be paid in cash of RUB 0.31 per share within 60 days after the annual general meeting of shareholders takes place. The company announced that the chairman of the executive board acts as the CEO of the company. Alexander Afanasiev, Deputy CEO at the company, was elected to this post at the meeting. A. Afanasiev was proposed as the company's CEO by the Board of Directors. Ruben Aganbegyan as the President of the company will focus on promoting Exchange's legislative initiatives, interacting with government agencies, investors, issuers as well as preparing to an IPO. Alexander Afanasiev, the CEO, will be responsible for business organizational and development arrangements and operation administration of the company. The President and CEO will share the responsibility for the company's development and implementation of its strategy.