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VTB Supervisory Council issues dividend recommendation

 
13 May 2016

© photoexpress.ru

On 13 May 2016 VTB Bank’s Supervisory Council passed a resolution recommending that the Annual General Meeting (AGM) of the bank’s shareholders announce a dividend of RUB 0.00117 per ordinary registered share with a face value of RUB 0.01. The total dividend on ordinary shares will amount to RUB 15.17 bn.

The Supervisory Council also recommended that the AGM pass a resolution to pay out RUB 90.3 mn in dividends on preferred shares, or about RUB 0.0000042 per share with a face value of RUB 0.01. The recommended dividend on Type A preferred stock is RUB 17.84 bn or approximately RUB 0.0058 per Type A preferred share with a face value of RUB 0.1.

The total dividend payout is expected to amount to 67.3 percent of VTB Bank’s 2015 net profit of RUB 49.14 billion according to RAS.

In addition, the Supervisory Council proposed to the AGM to approve 4 July 2016 as the deadline for establishing the list of persons eligible for 2015 dividends.


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