OJSC Kubanenergo
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Profit distribution and dividend policy

Basic principles of OJSC Kubanenergo dividend policy

  • Ensuring a balanced approach to the interests of the Company and its shareholders while settling the volume of dividends to be paid
  • Respect and strict compliance with the rights of shareholders set forth by the applicable laws of the Russian Federation, the Charter and internal documents of the Company

The dividend policy of OJSC Kubanenergo is a total of principles and methods used by the Company to work out the correlation between the profit that goes towards capitalization and the profit that goes towards the dividends, as well as to decide on the procedure and timing of paying out the dividends, and to decide on the responsibility of the Company for failing to deliver the stated amount in dividends.

Our dividend policy is aimed at increasing the investment appeal of OJSC Kubanenergo and the growth of its market capitalization.

While increasing the capitalization, we also aim at increasing the amounts paid out as dividends to the shareholders based on the amount of profit attained in the financial year and investment requirements in relation to the development of the Company.

The Dividend Policy of the Company is determined by the Regulation on the Dividend Policy of OJSC Kubanenergo established by the decision of the Board of Directors (Minutes No. 95/2010 of 03.09.2010) and published on the corporate website of the Company www.kubanenergo.ru - page About the Company / Constituent and in-house documents

Data sheet on dividends paid by OJSC Kubanenergo

Data sheet on dividends paid by OJSC Kubanenergo

Following the results of 2003–2004 and 2008–2013 financial years, the General Meeting of Shareholders of OJSC Kubanenergo decided not to pay dividends.