13 Apr 2016 16:47
RELEASE
13.04.2016
RUB 7.40 per share dividends proposed by Management Committee for 2015
The Gazprom Management Committee addressed issues associated with arranging and holding the Company's annual General Shareholders Meeting.
The Management Committee endorsed the proposal to convene the annual General Shareholders Meeting of Gazprom at the Company's headquarters in Moscow from 10 a.m. (local time) on June 30, 2016. The registration of the Meeting participants is to be carried out on June 28 (from 10 a.m. to 5 p.m.) and on June 30 (from 9 a.m.).
In addition, the Management Committee approved the proposals on:
¾ the format and wording of the voting ballots on the Meeting agenda;
¾ the procedure for notifying shareholders about the Meeting;
¾ the composition of the Shareholders Meeting Presidium and its Chairman;
¾ the list of information materials for the Meeting to be distributed among Gazprom's shareholders after examination by the Board of Directors. The materials will be sent in due time to the shareholders' addresses indicated in the Meeting notice.
The aforementioned proposals will be submitted to the Board of Directors for consideration.
The Management Committee submitted to the Board of Directors Gazprom's Annual Accounting Statements for 2015 compiled in accordance with the Russian legislation, as well as the following draft documents:
¾ the Shareholders Meeting agenda;
¾ Gazprom's 2015 Annual Report;
¾ the distribution of Gazprom's net profit based on the 2015 operating results.
The Management Committee approved the composition of the Shareholders Meeting Drafting Commission.
The Management Committee formulated the proposals for the Board of Directors concerning the dividend payout based on the Company's operating results in 2015. In particular, the proposed size of dividends makes up RUB 7.40 per share (2.8 per cent more than last year). It means that the dividends will make up 50 per cent of Gazprom's (parent company's) adjusted net profit generated in 2015 under RAS. The decision on the dividend size, payout method and dates, as well as the date on which a list of persons entitled to receive dividends is drawn up, will be made by the Shareholders Meeting as recommended by the Board of Directors.
The Management Committee approved and submitted to the Board of Directors draft amendments to the Articles of Association, as well as revised draft regulations on the Gazprom General Shareholders Meeting, Board of Directors, Management Committee, and Management Committee Chairman. The documents were prepared mainly due to the changes in the Federal Law on Joint Stock Companies and the new Articles of Association approved by the Company's Shareholders Meeting in June 2015.
The Management Committee resolved to propose to the Board of Directors to nominate FBK for approval by the Shareholders Meeting as the Company's auditor. FBK is the winner of the open bidding procedure among auditing companies for performing statutory annual audit of Gazprom.
At present, the Company has several hundred thousand shareholders in Russia and abroad. Therefore, shareholders are advised to exercise the right to take part in the Meeting via their trustees by proxy or via a filled out voting ballot sent to Gazprom.
INFORMATION DIRECTORATE, PJSC GAZPROM
www.gazprom.ru
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Media Investment Community
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