REG - OMV Petrom S.A. - Special dividend proposal_2023

OMV Petrom SAAnnouncement

27/07/2023 07:15

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RNS Number : 3955H  OMV Petrom S.A.  27 July 2023

 

 

 

 

 

OMV Petrom S.A.

Ad hoc report

 

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

 

 

Date of report: 27July 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 shares are traded: Bucharest Stock
Exchange and London Stock Exchange

 

 

Significant event to be reported:

Executive Board's proposal regarding special dividends distribution

 

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.

As announced in our Strategy 2030, the Dividend Guidance of the company states
the possibility of special dividends to be distributed, provided that the
company's investment plans are funded.

Given the company's financial strength in terms of net cash position and
expected profitability, the Executive Board proposes the distribution of a
special dividend in gross value of RON 0.0450 per share which leads to a total
value of special dividends of RON 2,804 mn. This would be the second special
dividend to be distributed by OMV Petrom.

The above-mentioned special dividend proposal will lead to a total
dividend/share distributed this year of RON 0.0825 (including the RON 0.0375
base dividend approved by the ordinary meeting of shareholders on April 26,
2023) and translates into a total dividend yield of 19.6%(( 1 )).

This special dividend proposal will be submitted for approval of the
Supervisory Board and subsequently to the Ordinary General Meeting of
Shareholders.

Details regarding the proposed Record Date, which serves to the identification
of the shareholders who are to benefit from dividends, the proposed Ex-Date
and Payment Date will be announced via the convening notice of the Ordinary
General Meeting of Shareholders for the approval of special dividends, which
is estimated to be disclosed beginning of August 2023, the latest.

 

Christina
Verchere
Alina Popa

Chief Executive
Officer
Chief Financial Officer

President of the Executive
Board
Member of the Executive Board

 
 

 1  based on the OMV Petrom share closing price as of December 30, 2022: RON
0.42/share

 

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