Moscow Exchange Supervisory Board recommends interim dividend

moex moscow exchange

At its meeting on 9 August 2017, the Supervisory Board of Moscow Exchange recommended an interim dividend for H1 2017 of RUB 2.49 per share. The record date is 29 September 2017. The total interim dividend payout will amount to RUB 5.67 bln, or 55% of the company’s H1 2017 net profit under International Financial Reporting Standards (IFRS).

Alexander Afanasiev, MOEX

Alexander Afanasiev, Chief Executive Officer of Moscow Exchange, said:

MOEX intends to pay an interim dividend for the first time, and the payout ratio is line with the dividend policy. The final dividend for 2017 will be based on the Company’s financial results for the full year, in line with its objective of maximizing shareholder returns and strengthening MOEX’s investment case.

According to Moscow Exchange’s dividend policy, the company shall distribute at least 55% of net profit in the form of dividends. The company paid out 69.3% of net profit as dividends for the full-year 2016 and 58.2% for 2015.

An Extraordinary General Meeting of Shareholders (EGM) at which the interim dividend will be held in absentia on 14 September 2017. The EGM record date is 21 August.

MOEX also announced its financial results in accordance with International Financial Reporting Standards (IFRS) for Q2 2017.

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