31 May 2018 12:31
Federal Grid Company Announces New Dividend Policy
Moscow, 31 May 2018 - Federal Grid Company of Unified Energy System ("Federal Grid Company" or "the Company"; Moscow Exchange, LSE: FEES), owner and operator of the Unified National Electricity Grid ("UNEG"), announces that the Board of Directors of the Company has approved a revised edition of the Regulations on the Dividend Policy of PJSC FGC UES at a meeting on 28 May 2018.
The Company's dividend policy is guided by the principles outlined in Decree of the Russian Federation Government No. 1094-r dated 29 May 2017, as well as by best practice corporate governance standards, while seeking to balance the interests of all shareholders with the Company's capital requirements in order to promote and pursue the objectives outlined in the Strategy for Development of the Electric Grid Sector of the Russian Federation.
The new dividend policy, which takes effect from 30 May 2018, replaces the Company's previous dividend policy and will be available on the Internet (information and telecommunications network) from the website of FGC UES, PJSC at http://www.fsk-ees.ru/eng/investors/corporate_governance/corporate_documents/