PJSC “RUSSNEFT” INTENDS TO ALLOCATE $40 MILLION TO DIVIDENDS ON PREFERRED STOCK FOR 2016
PJSC “RUSSNEFT” Board of Directors advised to pay out the dividends on the preferred stock for 2016 in the amount of $0.40803 per share totaling $40 mln, according to the company. The company does not intend to pay out the dividends on the common stock.
“The dividends on the cumulative preferred stock of PJSC “RussNeft” for 2016 should be paid in cash, on the basis of $0.40803 per cumulative preferred share”, the company says.
The Board of Directors also advised to allocate 4.804 mln Rubles from 13.845 bn Rubles net annual profit to form a reserve fund.
Besides the Board of Directors recommended to approve Ernst & Young for auditing of the consolidated financial statement of PJSC “RussNeft” for 2017.
The annual general meeting of PJSC “RussNeft” shareholders will be held on June 27, 2017 in Moscow. The shareholders registry for participation in the meeting will be closed on June 5.