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Screenshot of a breaking news alert e-mail from Q2 2017
Moscow Exchange announced it has completed dividend payments for 2016. The total sum paid was RUB 17.5 billion, representing 69.4% of 2016 consolidated net profit under International Financial Reporting Standards (IFRS).
The dividend was RUB 7.68 per ordinary share. A total of RUB 13.9 billion was paid out to minority shareholders via the nominee holder (National Settlement Depository) by 29 May 2017, and all other shareholders received dividends by 20 June 2017.
The size of the dividend was approved at the company`s Annual General Meeting of Shareholders on 27 April 2017, in accordance with the recommendation of Moscow Exchange’s Supervisory Board. The record date was 16 May 2017.
According to the Moscow Exchange’s Dividend Policy approved in 2015, shareholders were entitled to dividends constituting at least 55% of the company`s net profit for 2016.