Page 120 - RusRPTJul23

The shareholders of Russian oil company Bashneft have approved payment of 199.89 rubles per ordinary share and type A preferred share, or a total of 35.507bn rubles, in dividends for 2022, the company said in a statement on June 23. The company will pay 29.553bn rubles of dividends on ordinary shares and 5.954bn rubles of dividends on preferred shares. Previously, Bashneft paid 117.29 rubles per share or a total of 20.835bn rubles in dividends for 2021.
● Banks
VTB Bank’s supervisory board recommends no dividends for 2022
● Retail
The board of directors of Russian grocery retailer Lenta has recommended paying no dividends for 2022, the company said in a statement on June 1. The shareholders are to consider the recommendation at an annual general meeting on June 29.
● Metal & Mining
The board of directors of Russian metals and mining company Mechel has recommended paying no dividends for 2022, the company said in a statement on June 2.
The shareholders of Russian steel producer Severstal have approved paying no dividends for 2022, as seen by PRIME in the company’s materials on Tuesday. The shareholders also approved no distribution of the 2022 net profit.
● Other
Russian trucks producer Kamaz plans to pay dividends for 2022, CEO Sergei Kogogin told reporters on Wednesday. “We plan,” he said, when asked about the company's willingness to pay dividends for 2022. The company didn’t pay dividends for 2021. It paid 54 kopecks per share, or a total of 381.9mn rubles, in dividends for 2020. As of the end of 2022, state-run industrial corporation Rostec held 47.1% in Kamaz, Avtoinvest held 23.54%, and Germany’s Daimler Truck had 15%, according to the company’s website.
Sovcomflot will allocate more than 10bn rubles ($121mn) for payment of 2022 dividend in the amount of 4.29 rubles per one ordinary share, according to a decision taken by the company’s shareholders at the annual general meeting, the press service reported on Monday.
8.3.3 ECM news
The board of directors of Russian gold producer Polyus has decided to delist global depositary receipts (GDRs) from the London Stock
120 RUSSIA Country Report July 2023 www.intellinews.com