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21 Feb 2013 07:00
JSC TransContainer
Revised dividend policy
On 20 February 2013, the Board of Directors of JSC TransContainer approved the revised dividend policy replacing the previous document adopted in December 2011 with a pay-out ratio of 10% of the Company's net profit.
The new policy recommends a 25% of the Company's net profit calculated as per Russian Accounting Standards (subject to certain adjustments) as a benchmark dividend pay-out ratio.
According to the revised dividend policy the Board of Directors will make a recommendation on the dividend to the General Shareholders' Meeting taking into account the Company's financial and operating metrics, including the investment programme, free cash flow and debt payment schedule.
21 February 2013
Contacts:
TransContainer | |
Andrey Zhemchugov, Director, Capital Markets and Investor Relations | +7 495 637 9178 +7 495 609 6062 |
ir@trcont.ru | |
Website | www.trcont.ru |
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