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Rosneft shareholders approve Rub 44,2 bln extra dividends for 2011

November 30, 2012, 13:14 UTC+3
Total amount of net income allocated for the payment of dividends for 2011 will amount to 79.8 billion roubles
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KHABAROVSK, November 30 (Itar-Tass) — The shareholders of Russia’s oil company Rosneft at an extraordinary meeting on Friday approved additional dividends for 2011 in the amount of 4.08 roubles per share, it was announced at the shareholders meeting in Khabarovsk.

Thus, an additional 43.2 billion roubles will be allotted for the payment of dividends.

As a result, the total amount of net income allocated for the payment of dividends for 2011 will amount to 79.8 billion roubles, or 25 percent of the net profit of Rosneft under International Financial Reporting Standards (IFRS). The total amount of dividends per share will be 7.53 rub, in accordance with the decision of the annual meeting of shareholders of June 20, 2012 that approved the size of dividends for 2011.

The proposal to pay additional dividends for 2011 was put forward by Rosneft President Igor Sechin at the annual shareholders’ meeting in St. Petersburg and later supported by the RF government.

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