Core owner Yevtushenkov asks Sistema to pay him no JanSep divs - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Core owner Yevtushenkov asks Sistema to pay him no JanSep divs

MOSCOW, Jan 23 (PRIME) -- Vladimir Yevtushenkov, chairman of the board of directors and an owner of 64.18% in multi-industry holding Sistema, has asked the company to pay him no dividends for JanuarySeptember 2017, it said in a statement on Tuesday.

Sistemaannounces that it has paid an interim dividend for JanuarySeptember 2017 of 2.349 billion rubles. Dividends totaling 4.213 billion rubles were not paid to the majority shareholder and Chairman of the Board of Directors, Vladimir Evtushenkov, based on his written request, the company said.

The shareholders of the company approved payment of 0.68 rubles per share, or 13.6 rubles per global depositary receipt (GDR) a total of 6.562 billion rubles in dividends for JanuarySeptember on November 29. The record date for the dividends was set at December 8.

The payment corresponded to a dividend yield of 6% annually calculated basing on the weighted average price of Sistemas shares on the Moscow Exchange for the period. Sistemas dividend policy says that the sum of interim and final dividends for a year should either equal 1.19 rubles per share or to a dividend yield of 6% annually to the weighted average price of Sistemas shares for the year.

(56.6261 rubles U.S. $1)

End

23.01.2018 09:02
 
 
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