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

OMV Petrom SAAnnouncement

14/06/2022 17:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220614:nRSN8747Oa&default-theme=true

RNS Number : 8747O  OMV Petrom S.A.  14 June 2022

 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: 14 June 2022

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: 5,664,410,833.5 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 2030 Strategy, 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
profitability, the Executive Board proposes the payment of a special dividend
in gross value of RON 0.0450 per share, which leads to a total value of
special dividends of RON 2,549 mn.

The above-mentioned special dividend proposal will lead to a total
dividend/share distributed this year of RON 0.0791 (including the RON 0.0341
base dividend approved by the ordinary meeting of shareholders on April 27)
and translates into a total dividend yield of 15.9%(( 1  (#_ftn1) )).

This special dividend proposal will be submitted for approval of the
Supervisory Board on June 21, 2022 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 on June 21, 2022.

Christina
Verchere
Alina Popa

Chief Executive
Officer
Chief Financial Officer

President of the Executive
Board
Member of the Executive Board

 
 

 1  (#_ftnref1) based on the OMV Petrom share closing price as at December 30,
2021: RON 0.499/share

 

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  MSCFIMFTMTMBBRT