RusHydro fully paid the dividend for 2016
August 15, 2017. Moscow, Russia. RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that it has fully paid the dividend for 2016.
The total amount of dividend paid was RUB 19,875,502,787.41. The number of shares eligible for receiving the dividend for the full year of 2016 was 426,288,813,551.
The total amount of dividend distributed to nominal shareholders and qualified institutional investors was RUB 7,516,778,449.93, the total amount of dividend to other groups of shareholders was RUB 12,303,566,923.89 (after tax).
Due to the fact that PJSC RusHydro and JSC VTB Registrar are missing correct banking or postal details of some shareholders, dividend to these shareholders was returned to the company in compliance with the current legislation. In accordance with the federal law after 3 years unclaimed dividend should be recovered as part of undistributed profit, and the company’s obligations in respect of these dividend payments will be discontinued.
On June 26, 2017, the Annual General Meeting of Shareholder of RusHydro resolved to pay dividends for 2016 in the amount of RUB 0.0466245 per share or 50% of RusHydro Group’s consolidated net profit under IFRS. The dividend record date was set at July 10, 2017. Total amount for 2016 was almost RUB 5 bn higher than in 2016. Dividend per share has increased by 20%.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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