Moscow Exchange pays out RUB 8.8 billion in dividends
OREANDA-NEWS. June 18, 2015. Moscow Exchange completed dividend payments to shareholders for 2014. The dividend was RUB 3.87 per ordinary share for a total of RUB 8.8 billion. This represented 55.12% of the Exchange's 2014 consolidated net profit under IFRS.
A total of RUB 7.0 billion in dividends was paid to nominee holders on 25 May 2015. On 16 June 2015 RUB 1.8 billion was paid to all other shareholders.
The size of dividend payment was approved at the company"s AGM on 28 April 2015 in accordance with the recommendation of Moscow Exchange's Supervisory Board. The record date was 12 May 2015.
According to the Moscow Exchange Dividend Policy adopted in early 2013, shareholders were entitled to dividends constituting at least 50% of the company"s IFRS net profit for 2014.
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