Moscow Exchange announces AGM results
Moscow Exchange (MOEX) held its Annual General Meeting of Shareholders (AGM) on 27 April 2017.
Shareholders approved the company's annual report for 2016, its FY 2016 financial statements and distribution of profit, including dividends for FY 2016.
As recommended by the Supervisory Board, shareholders voted to pay a dividend for 2016 of RUB 17.5 bln, or RUB 7.68 per share. This represents 69.4% of consolidated IFRS net profit for the year. Moscow Exchange"s Dividend Policy calls for dividend payments of no less than 55% of consolidated IFRS net profit.
The dividend will be paid no later than 20 June 2017. The record date is 16 May 2017.
Shareholders also approved the new composition of the Supervisory Board, with 12 directors including six independent directors.
The newly elected Supervisory Board:
Deloitte & Touche CIS was appointed as independent auditor for 2017.
There are nearly 20,000 individual and 600 corporate shareholders of Moscow Exchange. The company"s free float stands at 62.4%, one of the highest free floats among Russian companies.
For further information, please contact the Public Relations Department at (495) 363-3232.