Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

08/31 05:00   Russia political and economic calendar: August 31
 
08/30 22:10   Ex-head of Russian penitentiary service Reimer pleads not guilty to fraud charges (Part 2)
 
08/30 22:04   Duma Chairman Naryshkin: Yabloko disqualification in Petrozavodsk to lower competition
 
08/30 21:59   RPC requests to explain criteria of reinstatement of its membership in IPC
 
08/30 21:56   Putin, Abe to meet in Vladivostok on Sept 2 - Ushakov (Part 2)
 
08/30 21:56   Kyrgyz State Security Committee opens criminal case for terrorism over suicide bomber attack on China's Embassy in Bishkek (Part 2)
 
08/30 21:49   Putin, Egyptian president to meet on sidelines of G20 summit - Kremlin (Part 2)
 
08/30 21:46   Putin to visit China's Hangzhou to attend G20 summit, BRICS leaders' meeting on Sept 3-5 - Kremlin (Part 2)
 
08/30 21:44   Patrushev sees no pretext for unilateral action in Arctic region (Part 2)
 
08/30 21:30   Russia has no disputed areas near its Arctic borders - Patrushev (Part 2)
 




 

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
Please enter the digits from picture in the box below:

August 31, 2016
 
05:00
Russia political and economic calendar: August 31
 
August 30, 2016
 
22:10
Ex-head of Russian penitentiary service Reimer pleads not guilty to fraud charges (Part 2)
 
22:04
Duma Chairman Naryshkin: Yabloko disqualification in Petrozavodsk to lower competition
 
21:59
RPC requests to explain criteria of reinstatement of its membership in IPC
 
21:56
Putin, Abe to meet in Vladivostok on Sept 2 - Ushakov (Part 2)
 
21:56
Kyrgyz State Security Committee opens criminal case for terrorism over suicide bomber attack on China's Embassy in Bishkek (Part 2)
 
21:49
 
21:46
Putin to visit China's Hangzhou to attend G20 summit, BRICS leaders' meeting on Sept 3-5 - Kremlin (Part 2)
 
21:44
Patrushev sees no pretext for unilateral action in Arctic region (Part 2)
 
21:30
Russia has no disputed areas near its Arctic borders - Patrushev (Part 2)
 
21:28
NATO's missile defenses in Romania, Poland have no relation to Russia - U.S. ambassador (Part 2)
 
21:19
Differences over Arctic shelf expansion no reason for worry - Patrushev (part 2)
 
21:12
U.S. open to consultations with Russia on missile defenses in Poland, Romania - Ambassador Tefft (Part 2)
 
21:02
Medvedev to visit Laos on September 7-8 to take part in East Asia Summit
 
 more headlines 



Interviews
 

.
NATO Secretary General Jens Stoltenberg has given an interview to Interfaxs correspondent Alexander Korzun ahead of the alliances summit in Warsaw due on July 8-9 in which he speaks about place of the Russian topic on the summits agenda and Russia-NATO relations in general.

more
.
.
Israeli Prime Minister Benjamin Netanyahu has given an interview to Interfax ahead of his visit to Russia in which he speaks about the influence that his personal relationship with Russian President Vladimir Putin have on the development of interstate ties, about Israels plans regarding new gas fields and said that Israel will into allow Syria to turn into a source of aggression. This will be Netanyahus third visit in under a year.

more
.
.
Indonesian Ambassador to Russia Wahid Supriyadi has given an interview with Interfax in which he speaks about the results of the Russia-ASEAN summit, prospects for achieving an agreement on oil production freeze in OPEC, Indonesian-Russian military and technological cooperation and the launch of direct air communication between Indonesia and Russia.

more

 
  
 ©   1991—2016   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