RUSAL plans to pay dividends to foreign shareholders in Nov

MOSCOW, Nov 22 (PRIME) -- Russian aluminum giant UC RUSAL plans to transfer dividends to its foreign shareholders until the end of November, head of Corporate Finance Andrei Grenkov said on Tuesday in the Telegram channel of Gazprombank Investment.

RUSAL’s shareholders approved January–June dividends at U.S. $0.02 per share in September, making it the company’s first dividend payment since 2017 when it paid $0.0197 per share.

“The combined dividend payout would amount to around $300 million. Yes, we have faced certain difficulties while organizing the payout. The payments to the shareholders in the National Settlement Depository have already took place, while payments to the share owners through the Hong Kong registrar should happen until the end of November, I hope,” Grenkov said.

The core shareholders of RUSAL are En+ Group with a 56.88% stake and Sual with a 25.72% stake, while 17.4% is in free-float.

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