REG - OMV Petrom S.A. - EB's initial dividend proposal for 2016 <Origin Href="QuoteRef">ROSNP.BX</Origin>

OMV Petrom SAAnnouncement

16/02/2017 07:06

RNS Number : 0256X
OMV Petrom S.A.
16 February 2017
OMV Petrom S.A.
Executive Board's initial proposal regarding dividend distribution for the financial year 2016
Ad hoc report in compliance with Capital Markets Law no. 297/2004 and Regulation no.1/2006 of NSC
Date of report: February 16, 2017
Name of issuer: OMV Petrom S.A.
Headquarters: Bucharest, Coralilor nr. 22, sector 1
Telephone/fax number: +40 372 160697/ +40 372 868518
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute: RO
Trade Register Number: J 40/8302/1997
Share capital: 5,664,410,833.5 RON
Regulated market on which the issued shares are traded: Bucharest Stock Exchange, London Stock Exchange
Significant event to be reported: 
Executive Board's initial proposal regarding dividend distribution for the financial year 2016
In accordance with the legal and statutory provisions, it is under the Executive Board duty to make recommendations to the shareholders regarding the distribution of profits. 
Based on the 2016 preliminary results and strong free cash flow, the Executive Board of OMV Petrom S.A. proposes a dividend of RON 0.015/share for the 2016 financial year.
This initial proposal observes the current dividend policy and principles of shareholders return for 2016, as published on the OMV Petrom S.A.'s corporate website.
The Executive Board's final proposal for distribution of dividends for the financial year 2016, to be submitted for approval to the April 2017 Ordinary General Meeting of Shareholders, will be subject to the approval by the Supervisory Board and will be communicated on the occasion of the convening of the above mentioned Ordinary General Meeting of Shareholders. 
Mariana GheorgheAndreas Matje
Chief Executive Officer Chief Financial Officer
President of the Executive Board Member of the Executive Board

This information is provided by RNS
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