REG - OMV Petrom S.A. - Initial Dividend Proposal

OMV Petrom SAAnnouncement

02/02/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230202:nRSB7142Oa&default-theme=true

RNS Number : 7142O  OMV Petrom S.A.  02 February 2023

 

 

 

OMV Petrom S.A.

Ad hoc report

In compliance with Law no. 24/2017 on issuers of financial instruments and
market operations and Financial Supervisory Authority Regulation no. 5/2018 on
issuers of financial instruments and market operations

 

Date of report: February 2, 2023

Name of issuer: OMV Petrom S.A. ("OMV Petrom")

Headquarters: Bucharest, 22 Coralilor Street, District 1, ("Petrom City")

Telephone/fax number: +40 372 161930/ +40 372 868518

Sole registration number at the Trade Register Office: 1590082

Fiscal attribute: RO

Trade Register Number: J 40/8302/1997

Share capital: 6,231,166,705.80 RON

Regulated market on which the issued securities are traded: Bucharest Stock
Exchange and London Stock Exchange

 

 

Significant event to be reported:

Executive Board's initial proposal regarding base dividend distribution for
the financial year 2022 and intention to distribute special dividends in 2023

 

In accordance with the legal and statutory provisions, it is under the
Executive Board's duty to make recommendations to the shareholders regarding
the distribution of profits.

Based on the preliminary results for the year ended December 31(st), 2022, the
Executive Board of OMV Petrom S.A. proposes a gross base dividend of RON
0.0375/share for the 2022 financial year, which is a 10% year on year
increase, at the high end of the 5-10% range stated in the dividend guidance.

The Executive Board of OMV Petrom S.A. also announces the intention to propose
the distribution of a special dividend in 2023, with the exact amount to be
announced in mid-2023.

The proposal for the base dividend and the intention to propose a special
dividend comply with the current dividend policy, as well as the dividend
guidance as published on the OMV Petrom S.A.'s corporate website.

The Executive Board's final proposal for the distribution of base dividends
for the financial year 2022 will be submitted for approval to the April 2023
Ordinary General Meeting of Shareholders after the approval by the Supervisory
Board, following Audit Committee review.

The potential distribution of special dividends will be subject to a future
Ordinary General Meeting of Shareholders.

Christina
Verchere
Alina Popa

Chief Executive
Officer
Chief Financial Officer

President of the Executive Board
          Member of the Executive Board
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCTTMATMTAMMFJ