VTB Supervisory Council issues dividend recommendation

23 march 2017

On 22 March 2017, VTB Bank’s Supervisory Council passed a resolution recommending that the Annual General Meeting (AGM) of the bank’s shareholders announce a dividend of RUB 0.00117 per ordinary share. The total dividend on ordinary shares will amount to RUB 15.2 bn.

The Supervisory Council also recommended that the AGM pass a resolution to pay out RUB 11.1 bn in dividends on Type 1 preference shares, or RUB 0.00052 per share. The recommended dividend on Type 2 preference shares is RUB 18.1 bn, or RUB 0.00588849 per share.

In addition, the Supervisory Council proposed to the AGM to approve 10 May 2017 as a cut-off date for determining the list of persons eligible for 2016 dividend payment.

The AGM of VTB Bank will be held on 26 April 2017 at the Oktyabrsky Grand Concert Hall at 6 Ligovsky Prospekt, St Petersburg. The AGM agenda and relevant materials will be published on VTB Bank website and passed to shareholders via their nominees within the timeframe specified by the Russian law.