Gazprom does not plan to pay dividends for 2022

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AK&M 23 May 2023 17:05

Gazprom's Board of Directors recommended to the shareholders' meeting not to declare or pay dividends based on the results of operations in 2022, taking into account the payment of interim dividends based on the results of operations in the first half of 2022 (1.2 trillion rubles were allocated for payment to shareholders). This is stated in the company's message.

The Board of Directors considered the issues of holding the annual meeting of shareholders. It was decided to hold it in the form of absentee voting.

Recall that Gazprom's shareholders have not made a decision on the distribution of the company's profits and dividends for 2021. Gazprom's Board of Directors recommended that shareholders decide to pay dividends for 2021 at the rate of 52.53 rubles. per share, which was a record for Gazprom and the Russian stock market.

Gazprom (INN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mello.

Gazprom Group's net profit under IFRS for the first half of 2022 increased 2.6 times and amounted to 2.5 trillion rubles. The group's EBITDA increased by 2 times and amounted to 3.05 trillion rubles.