28.06.2017

PJSC “RUSSNEFT” SHAREHOLDERS APPROVED PAYMENT OF DIVIDENDS ON PREFERENCE SHARES

PJSC “RUSSNEFT” SHAREHOLDERS WILL NOT DISPOSE OF THE SHARES OF THE COMPANY DUE TO VTB FACILITY RESTRUCTURING

20.03.2017

The report is null, no one of PJSC “RussNeft” shareholders made a request for redemption, RNS was told in the oil company.

The right on request for redemption resulted from the approval of the deal on VTB facility restructuring in the amount of 1.3 bn USD.

Restructuring offers more comfortable conditions for the company, e.g. postponement of the maturity from 2023 to 2026 with insignificant interest rate changing.

The company was ready to buy back the shares from the shareholders who did not take part in the voting or voted against the deal. The value of one ordinary share was determined in the amount of 503.99 RUB. The current price of the Company’s share at MOEX makes up 558.3 RUB.

 

RNS