Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

07/25 05:00   Russia political and economic calendar: July 25
 
07/24 22:18   Acquittal of ex-Georgian ministers upheld by appeal court
 
07/24 22:14   Ukraine, Netherlands sign memorandum on probing circumstances of Boeing crash
 
07/24 22:07   Committee of EU permanent reps accords additional sanctions list over Ukrainian situation
 
07/24 22:02   Malaysian jet stayed within approved flight path - Ukraine deputy PM
 
07/24 22:01   Razvozzhayev sentenced to four years six months in prison
 
07/24 21:59   Udaltsov sentenced to four years six months in prison
 
07/24 21:55   MOSCOW CITY COURT HAS SENTENCED OPPOSITION ACTIVIST UDALTSOV TO FOUR YEARS AND SIX MONTHS FOR ORGANIZING MASS DISTURBANCES
 
07/24 21:54   OPPOSITION ACTIVIST RAZVOZZHAYEV SENTENCED TO FOUR YEARS AND SIX MONTHS OVER MASS DISTURBANCES CASE - COURT
 
07/24 21:43   UDAR lawmaker turns tables on Yatsenyuk, accusing him of irresponsibility
 




 

Interfax.com  |  Interfax news  |  VSMPO-Avisma to pay record dividend to 533.91...


News headlines


June 09, 2014 09:27

VSMPO-Avisma to pay record dividend to 533.91 rubles a share for 2013

MOSCOW. June 9 (Interfax) - Shareholders in VSMPO-Avisma (MOEX: VSMO) voted at their annual shareholders meeting to accept a dividend of 533.19 rubles per ordinary share for 2013, the titanium producer's press office told Interfax.

The register of shareholders entitled to the dividends closes on June 17.

The total payout will exceed 6.1 billion rubles or 82.6% of net profit to Russian Accounting Standards (RAS), which grew 1.6% to 7.451 billion rubles last year.

VSMPO-Avisma paid a total of 3.226 billion rubles at 279.83 rubles a share for 2012.

VSMPO-Avisma has 11,529,538 issued ordinary shares, par value 1 ruble each.

This is the second year running that the company has broken its own dividend record. Russian companies have tended to be generous following costly transactions by their shareholders. Power Machines (MOEX: SILM), which had never paid dividends, suddenly paid 17.3 billion rubles out of retained earnings for 2013 after a firm controlled by Alexei Mordashov bought minority shareholders out, easily covering the majority shareholder's costs.

Shareholders elected a seven-seat board, which includes: Mikahil Voevodin (the CEO), Andrei Zokin (Gazprombank Vice President), Nikolai Melnikov (First Deputy CEO), Vladimir Tankeev (advisor to the CEO), Vladislav Tetyukhin (advisor to the CEO), Sergei Chemezov (Rostec chief, who led the previous board of directors) and Mikhail Shelkov (head of the board's investment committee). Eight candidates were nominated, but Rostec Deputy CEO Vladimir Artyakov was not elected to the board.

CJSC KPMG was selected to audit the company in 2014.

Gazprombank (MOEX: GZPR) reduced its stake in VSMPO-Avisma to 0.28% from 15.55% in February 2014, selling the stake to top management at the corporation. Gazprombank Vice President Andrei Zokin said the sale price was "a little over the current market quotes." The day before the deal was announced the stake was workth 14.35 billion rubles on the Moscow Exchange (MOEX: MOEX). Sberbank (MOEX: SBER) provided management with the loan to buy the VSMPO-Avisma shares.

After the deal in February, company management increased its stake in VSMPO-Avisma to 65%.

Rostec owns a blocking stake in the company.

Pr me ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire

July 25, 2014
 
05:00
Russia political and economic calendar: July 25
 
July 24, 2014
 
22:18
Acquittal of ex-Georgian ministers upheld by appeal court
 
22:14
Ukraine, Netherlands sign memorandum on probing circumstances of Boeing crash
 
22:07
Committee of EU permanent reps accords additional sanctions list over Ukrainian situation
 
22:02
Malaysian jet stayed within approved flight path - Ukraine deputy PM
 
22:01
Razvozzhayev sentenced to four years six months in prison
 
21:59
Udaltsov sentenced to four years six months in prison
 
21:55
MOSCOW CITY COURT HAS SENTENCED OPPOSITION ACTIVIST UDALTSOV TO FOUR YEARS AND SIX MONTHS FOR ORGANIZING MASS DISTURBANCES
 
21:54
OPPOSITION ACTIVIST RAZVOZZHAYEV SENTENCED TO FOUR YEARS AND SIX MONTHS OVER MASS DISTURBANCES CASE - COURT
 
21:43
UDAR lawmaker turns tables on Yatsenyuk, accusing him of irresponsibility
 
21:32
Putin offers condolences to Algerian president over plane crash
 
21:24
 
21:09
Dutch Safety Board: Malaysian jet black box has no trace of tampering
 
21:01
Kyiv hopes European Commission to help increase reverse gas supplies to Ukraine
 
 more headlines 



Interviews
 

.
Palestinian leader Mahmoud Abbas signals readiness for compromise and praises Russia’s role in settling conflict in Middle East in an exclusive interview with Interfax

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview with Interfax in which she speaks about Russian-Greek interaction following the aggravation of relations between the European Union and Russia, her perception of EU sanctions against Russia and the upcoming high tourist season.

more
.
.
Peter Poptchev is a Bulgarian diplomat and recently served as adviser to the country’s minister of economy and energy. He was part of the Bulgarian negotiating team for both the South Stream and Nabucco intergovernmental agreements (IGAs). In this interview, he tells Interfax that Gazprom’s South Stream project will benefit from the EU’s Third Energy Package (TEP).

more

 
  
 ©   1991—2014   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100