AFK Sistema PAO logo

SSAA - AFK Sistema PAO News Story

n/a 0.0  0.0%

Last Trade -

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £6.56bn
Position in Universe th / 1819

Sistema PJSFC - Board of Directors recommends interim dividend

Mon 16th October, 2017 7:57am
RNS Number : 6585T
Sistema PJSFC
16 October 2017

Sistema's Board of Directors recommends interim dividend in line with dividend policy

Moscow, 16 October 2017 - The Board of Directorsof Sistema PJSFC ("Sistema") (LSE: SSA, MOEX: AFKS),a Russian public diversified holding company, on 14 October 2017 passed a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee voting to approve payment of interim dividends for the first nine months of 2017, as provided by Sistema's dividend policy.

The Board of Directorsrecommended that the EGM approvepaying dividends of RUB 0.68 per ordinary share (RUB 13.6 per GDR) for the first nine months of 2017. The recommended total amount of dividends is RUB 6,562 million.

The recommended dividend amount is equivalent to adividend yield of 6% p.a. as calculated based on the weighted average price of Sistema's ordinary shares on Moscow Exchange during the first nine months of 2017. In accordance with the dividend policy approved in April 2017, the amount of the final dividend for the year should be determined to ensure that the total amount of final and interim dividends paid for 2017 equals the greater of: dividend per share of RUB 1.19 or a dividend yield of 6% based on the weighted average price of Sistema's shares in 2017.

The dividend record date as per the Board of Directors' proposal to the EGM is 8December 2017.

The date of the EGM (cut-off date for submitting ballot papers)is 28 November 2017. The record date for shareholders eligible to participate in the EGM is 3 November 2017.

Materials for the meeting will be available from 27 October 2017 on Sistema's website and from 7November 2017 by request from Sistema's office.


For further information, please visit or contact:

IR division

Yury Krebs

Tel.: +7 (495) 730 66 00

Press Service

Sergey Kopytov

Tel.: +7 (495) 228 15 32


This announcement contains inside information. Full name and position of person making the announcement - Yury Krebs, Director, Investor Relations.


Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in such sectors as telecommunications, retail, paper and packaging, agriculture, high technology, banking, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2016 reached RUB 697.7 billion; its total assets equalled RUB 1.1 trillion as of 31 December 2016. Sistema's global depositary receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website:

This information is provided by RNS
The company news service from the London Stock Exchange
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.