ALROSA to Pay RUB 65.8 Billion as 2016 Dividend

At the Annual General Meeting of PJSC ALROSA, shareholders approved the resolution for payment of RUB 65.769 billion as the annual dividend for 2016, which amounts to RUB 8.93 per ordinary share of 50 kopecks par value.

The approved amount is 50% of the net profit (less profit attributable to non-controlling interest) earned by the Company in the year, which as per the IFRS Consolidated Financial Statement stood at RUB 131.391 billion.

The meeting decided that the dividend payment will be to all shareholders as on record date for the shareholders with dividend rights is July 20, 2017.

The 2016 year-end dividend is four times the amount ALROSA paid in 2015, which was RUB 15.392 billion or RUB 2.09 per ordinary share of 50 kopecks par value.

In a separate announcement, ALROSA said that the shareholders also elected the new Supervisory Board which will exercise general control over the Company’s operations.

The following are the Board members:

Valentina Ivanovna LEMESHEVA – Member of the Supervisory Board, PJSC ALROSA (as an independent member of the Supervisory Board);

Yegor Afanasyevich BORISOV – Head of the Republic of Sakha (Yakutia);

Sergey Sergeevich IVANOV – President, PJSC ALROSA;

Galina Innokentievna DANCHIKOVA – State Duma Deputy of the Federal Assembly of the Russian Federation;

Evgenia Vassilievna GRIGORIEVA – Minister of Property and Land Relations of the Republic of Sakha (Yakutia);

Georgy Karlovich BASHARIN – Deputy Head, Municipal Entity Mirny District of the Republic of Sakha (Yakutia);

Sergey Vasilyevich MESTNIKOV – General Director, Non-profit Organization Special Purpose Fund for Future Generations of the Sakha Republic (Yakutia);

Anton Germanovich SILUANOV – Finance Minister of the Russian Federation;

Maria Vladimirovna GORDON – Member of the Supervisory Board, PJSC ALROSA (as an independent member of the Supervisory Board);

Oleg Romanovich FEDOROV – Member of the Supervisory Board, PJSC ALROSA (as an independent member of the Supervisory Board);

Kirill Alexandrovich DMITRIEV – CEO, Russian Direct Investment Fund Managing Company LLC;

Alexander Sergeevich GALUSHKA – Minister for the Development of the Russian Far East;

Sergey Vladimirovich BARSUKOV – Director of Department, Ministry of Finance of the Russian Federation;

Alexey Olegovich CHEKUNKOV – CEO, Far East and Baikal Region Development Fund;

Dmitry Vladimirovich KONOV – Chairman of the Management Board, PJSC SIBUR Holding (as an independent member of the Supervisory Board).

The Chairman of the Supervisory Board and members of the committees will be elected at the next meeting of the Supervisory Board.

News Source: gjepc.org