Page 132 - RusRPTJul24

major production facilities in Siberia and the Far East, including the Krasnoyarsk Territory, the Irkutsk and Magadan Regions, and the Republic of Sakha (Yakutia).
On Thursday (June 27), Tatneft shareholders at the repeated annual meeting approved the final dividends for 2023 in the amount of 25.17 rubles per share. In total, for 2023 the company will allocate 87.88 rubles per share in the form of dividends. The total dividend yield for 2023 to the closing price on June 27 is 12.5%. The registry closing date is set for July 9. Tatneft's dividend policy assumes a target dividend level of at least 50% of net profit under IFRS or RAS, whichever is greater. At the end of 2023, the company will use 71% of net profit under IFRS to pay dividends.
132 RUSSIA Country Report July 2024 www.intellinews.com