VTB Bank shareholders have the right to receive a share of the bank’s net profit in the form of dividends. Dividends are calculated based on the bank’s net profit as reported in the bank’s financial statements. Dividend amount is determined by a recommendation of the Supervisory Council and further approved by the General meeting of shareholders.
The Annual General Meeting of Shareholders (AGM) of VTB Bank held on 26 April 2017 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:
The record date is 10 May 2017.
Dividends will be transferred to shareholders’ bank accounts or by postal order.
Shareholders whose shares are registered in the shareholder register and who previously opted to receive dividends in cash, are advised to change their way of collecting dividends by asking the bank’s registrar, JSC VTB Registrar, to make the necessary changes to their account information.
Under Clause 5 of Article 44 of Federal Law No