RussNeft shareholders fail to agree on dividends for 2022

MOSCOW, Jun 30 (PRIME) -- The shareholders of Russian oil company RussNeft have failed to decide on dividends for 2022, and the company expects no new vote to happen, a company representative told PRIME on Friday.

Earlier in the day, RussNeft published results of an annual general meeting of the company’s shareholders. At the beginning of June, the board of directors of RussNeft recommended no dividends for 2022, but 100% of the shareholders voted against the decision.

“The decision was not made, and another vote was not scheduled,” the representative said.

RussNeft previously paid U.S. $0.816 per preferred share, or a total of $80 million, in dividends for 2021, and $0.612 per preferred share, or a total of $60 million, in final dividends for 2020 and for 2019. The company paid no dividends on ordinary shares for the years.

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