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Transneft’s Board of Directors reviewed the share split and transition to semi-annual dividend payments

Date of publication: 10 December 2021

The Board of Directors confirmed plans to split the Company’s shares in 2022, noting that it would make transactions with Transneft’s preferred shares traded on the Moscow Exchange easier to handle by retail investors.

In preparation for the share split the Company plans to hold consultations with international institutional investors and perform a legal analysis of the regulatory framework under EU legislation related to the share split.

The Board of Directors also supported the proposal for transition to semi-annual dividend payments intended to ensure a more even distribution of dividend income for shareholders. The Company plans to switch to the semi-annual dividend payments, starting with dividends for the first 6 months of 2022.

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