To ensure the maximum transparency of the dividend calculation and payout 26 May 2017 the Company’s Board of Directors, by its resolution (Minutes №278) approved the restated Regulations on the Dividend Policy (the “Regulations”).
The dividend policy is based balancing the interests of the Company and its shareholders, as well as on the need to make the Company more attractive in terms on investments and its shareholder value. The Company strictly complies with the rights of the shareholders and endeavors to increase their income.
The resolution on the dividends payout (as well as on their amount and form of payout) shall be made by the General Meeting of the Company’s Shareholders and as recommended by the Board of Directors.
Annual dividends per a preferred share are stipulated in clause 6.3.1. of RussNeft’s Articles of Association and shall be declared and paid out on condition of the Company’s sufficient profit, determined in compliance with the Articles of Association.
| Year | Category (Type) of Shares |
The date of the list of persons entitled to receive dividends |
The amount of declared dividends per share, RUB |
Total amount of declared dividends (excluding income tax deduction), million RUB |
Total amount of dividends paid (excluding income tax deduction), million RUB |
|---|---|---|---|---|---|
| 2021 | Preferred | 50.13 | 4,914.22 | 4,914.22 | |
| Ordinary | — | — | — | — | |
| 2022 | Preferred | 106.27 | 10,417.89 | 10,417.89 | |
| Ordinary | — | — | — | — | |
| 2023 | Preferred | 87.28 | 8,556.50 | 8,556.50 | |
| Ordinary | — | — | — | — | |
| 2024 | Preferred | 80.45 | 7,886.23 | 7,886.23 | |
| Ordinary | — | — | — | — | |
| 2025 | Preferred | 55.71 | 5,461.20 | 5,461.20 | |
| Ordinary | — | — | — | — |
Dividends for common stock for 2020-2025 were not declared or paid.
