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VTB announces the results of its Annual General Meeting

 
27 April 2017

VTB Bank announces the results of its Annual General Meeting of Shareholders (AGM), held in St Petersburg on 26 April 2017. Shareholders have approved VTB Bank’s Annual Report and the Annual Financial Statements for 2016 and the following profit allocations for 2016:

  • Net profit, total RUB 69,088,345,345.65;
  • Net profit to be allocated, total RUB 51,217,614 thousand;
  • Allocations to the Reserve Fund RUB 3,454,417 thousand;
  • Dividend allocation on registered ordinary shares RUB 15,163,833 thousand;
  • Dividend allocation on preferred Type 1 registered shares RUB 11,129,974 thousand;
  • Dividend allocation on preferred Type 2 registered shares RUB 18,100,658 thousand;
  • Undistributed net profit RUB 3,368,730 thousand.

* Part of the net profit for 2016 totalling RUB 17,870,730,759.45 was allocated as dividend on outstanding preferred Type 2 registered shares for the first nine months of 2016.

The shareholders have approved a 2016 dividend of RUB 0.00117 per ordinary registered share with a nominal value of RUB 0.01, a dividend of RUB 0.00052 per one preferred Type 1 share with a nominal value of RUB 0.01, and a dividend of RUB 0.00588849 per one preferred Type 2 share with a nominal value of RUB 0.1.

The AGM determined the following dividend payment procedure for 2016:

Dividends for 2016 will 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:

  • Within ten working days: to nominal holders and beneficial owners on the basis of the shareholder register who are professional securities market participants;
  • Within twenty five working days: to other registered shareholders.

The record date is 10 May 2017. Dividends will be transferred to shareholders’ bank accounts or sent by mail.

The AGM has elected 11 members to VTB Bank’s Supervisory Council:

  • Matthias Arthur Warnig;
  • Sergey Galitsky (independent member) ;
  • Yves-Thibault de Silguy (independent member) ;
  • Sergey Dubinin;
  • Andrey Kostin;
  • Shahmar Movsumov (Independent member);
  • Valery Petrov (Independent member) ;
  • Nikolai Podguzov;
  • Anton Siluanov;
  • Vladimir Chistyukhin;
  • Andrey Sharonov (independent member).

The shareholders have approved the VTB Bank Statutory Audit Committee comprised of six members.

Ernst & Young has been approved as VTB Bank Auditor for the mandatory annual audit of VTB Bank for 2017.

Shareholders have approved the new wording of the VTB Bank Charter and authorised Andrey Kostin, VTB Bank President and Chairman of the Management Board, to sign the revised wording of the Charter and submit it to the Bank of Russia for approval.

Shareholders have also approved the new wording of the Regulations on VTB Bank Supervisory Council and Regulations on VTB Bank Management Board.

The results of voting at the Annual General Meeting of Shareholders will be published within the timeframe established by law on the bank’s website www.vtb.ru.


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