VTB Bank announced the results of its Annual General Meeting of shareholders (AGM), held in St Petersburg on 24 June 2016. Shareholders approved VTB Bank’s Annual Report for 2015 and the 2015 Annual Financial Statements, and also approved the following profit allocations for 2015:
Shareholders approved the dividend for 2015 of RUB 0.00117 per ordinary registered share with a nominal value of RUB 0.01, a dividend of RUB 0.00000421776668385314 per one preferred share with a nominal value of RUB 0.01, and a dividend of RUB 0.00580330726027317 per one preferred type A share with a nominal value of RUB 0.1.
The AGM determined the following dividend payment procedure for 2015:
Dividends for 2015 are to be paid in monetary form, with the amount per shareholder calculated to one kopeck and subject to rounding. Dividends will be paid within the following timeframes and will be based on the record date:
The record date is 4 July 2016. Dividends will be transferred to shareholders’ bank accounts or sent by mail.
The AGM also elected 11 members to VTB Bank’s Supervisory Council:
Shareholders approved the VTB Bank Statutory Audit Committee comprised of six members.
Ernst & Young was approved as VTB Bank Auditor for the mandatory annual audit of VTB Bank for 2016.
The AGM also approved the limit for related-party transactions.
Shareholders approved the new version of VTB Bank Charter and authorised Andrey Kostin, VTB Bank President and Chairman of the Management Board, to sign the revised version of the Charter and submit it to the Bank of Russia for approval.
Shareholders also approved the new version of the Regulation on VTB Bank Supervisory Council, Regulation on VTB Bank Management Board, Regulation on Remuneration of Members of VTB Bank Supervisory Council, Regulation on Remuneration of Members of the Statutory Audit Committee, and Regulation on Preparing, Convening and Holding VTB Bank General Shareholders Meetings.
A report on the results of voting at the bank’s AGM will be published within the legally established timeframe at www.vtb.ru.