REG - OMV Petrom S.A. - Dividend policy-stronger commitment

OMV Petrom SAAnnouncement

07/12/2021 07:00

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RNS Number : 8010U  OMV Petrom S.A.  07 December 2021

 

 

 

 

 

 

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: December 7, 2021

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:

 

OMV Petrom 2030 Strategy enables stronger commitment to dividend growth

 

 

Today we are announcing our 2030 Strategy, which is expected to drive
significant free cash flow, supporting investments across the business and a
highly competitive dividend. Therefore, we are reinforcing our dividend policy
with a stronger commitment.

 

The dividend policy is: "OMV Petrom S.A. ("the Company") is committed to
deliver a competitive shareholder return throughout the business cycle,
including paying a progressive dividend, in line with financial performance
and investment needs, considering the long-term financial health of the
Company."

 

The Company makes a stronger commitment to increase its base dividend per
share by 5% - 10% per annum on average by 2030. In a favorable market
environment and at management discretion, special dividends may also be
distributed, provided that the Company's investment plans are funded. Total
dividends are estimated to represent approximately 40% of the Company's
operating cash flows for 2022-2030 in a base case price scenario.

 

 

 

 

 

Christina
Verchere
Alina Popa

Chief Executive
Officer
Chief Financial Officer

President of the Executive
Board
Member of the Executive Board

 

 

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