REG - PJSC Tatneft - Board Recommends Dividends

Tatneft' Imeni V.D. Shashina PAOAnnouncement

23/05/2022 14:45

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RNS Number : 4742M  PJSC Tatneft  23 May 2022

23 May 2022

 

Tatneft Board of Directors recommended to pay dividends for 2021

 

On 23 May 2022 the Board of Directors of PJSC Tatneft (the "Company") resolved
to recommend to the annual general shareholders meeting to be held by absentee
voting (the "AGM") to be held on 23 June 2022 to approve the dividends for
2021, taking into account previously paid dividends for the six and nine
months of 2021, as follows:

preferred shares: 4264% of the nominal (par) value, i.e. 42 Rubles 64 Kopecks
per share;

ordinary shares: 4264% of the nominal (par) value, i.e. 42 Rubles 64
Kopecks per share.

The 2021 final dividend (in addition to the interim dividends for the six and
nine months of 2021) of 16 Rubles 14 Kopecks (1614% of the par value) per each
preferred and ordinary share to be paid in cash pursuant to the requirements
of Russian law.

The Board of Directors recommended to the AGM to establish 8 July 2022 as the
date for determining the persons entitled to receive the dividends based on
the results of 2021.

The remaining net income of the Company, after the dividends payment, shall be
accounted for as accumulated income.

The Board of Directors also approved the materials and ballots relating to the
AGM.

 

This press release contains inside information.

 

Forward-looking statements and waiver of liability: This press release
contains statements about future events and expectations that are
forward-looking in nature. Any statement in this press release that is not a
statement of historical fact is a forward-looking statement that involves
known and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements expressed or implied by such
forward-looking statements to differ. PJSC Tatneft assumes no obligations to
update the forward-looking statements contained herein to reflect actual
results, changes in assumptions or changes in factors affecting these
statements. The amounts and percentages mentioned or referred to in this press
release could be presented after rounding and, therefore, they might differ
from the actual sums and results contained in the Company's reporting
documents. PJSC Tatneft shall bear no responsibility to correct or reimburse
any sums which might constitute the difference between the amounts mentioned
in this press release and those in respective reporting documents, and all
payments are made by PJSC Tatneft exclusively on the basis of decisions made
by its authorised corporate bodies in the amounts and within the corporate
proceedings set out in such decisions.

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