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On the results of a meeting of Transneft Board of Directors

Date of publication: 1 June 2018 Printable version


Pictured (left to right): members of Transnefts Board of Directors Genadii Shmal, Daria Vasilevskaya, Alexander Novak, Alexander  Korsik, Nikolay Tokarev and Valery Shantsev during their visit to facilities of  Sheskharis transshipment complex

On 31 May 2018, an in-person meeting of Transneft’s Board of Directors, chaired by the Minister of Energy of the Russian Federation Alexander Novak, took place in the city of Gelendzhik at Chernomortransneft’s premises.

Among other things, the Board of Directors made the decision to recommend the Company’s shareholders’ meeting to set aside 50% of consolidated net profit to be paid as dividends.

Thus, the recommended amount of dividends to be paid for 2017 stands at RUB 82.545 billion, of which RUB 27.607 billion (or RUB 3,875.49 per share) were paid as interim dividends following the results of 1H 2017. RUB 54.937 billion to be set aside for dividends in 2018 will be evenly distributed between ordinary and privileged shares, as was the case with the interim payout, and will amount to RUB 7,578.27 per share.


Pictured (left to right): Transneft President Nikolay Tokarev, Transneft Vice President Aleksey Sapsay and the Minister of Energy of the Russian Federation Alexander Novak at a process site of Sheskharis transshipment complex


Pictured: during the visit to facilities of Sheskharis transshipment complex

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