Sistema plans to pay dividends for 2022 by 3.95 billion rubles at the rate of 0.41 rubles. per share. Such recommendations were given to shareholders, the company said in a statement following the meeting of the board of directors.
The source of the dividend payment is recommended to determine the retained earnings of previous years. It is recommended to leave the net loss resulting from the results of 2022 without distribution (without coverage). It is recommended not to distribute the retained earnings of previous years remaining after the payment of dividends.
The Annual Meeting of Shareholders will be held in the form of absentee voting. The deadline for receiving ballots is June 30.
Recall that in 2021 it was decided not to pay dividends. At the end of 2020, the shareholders decided to pay dividends of 2.99 billion rubles at the rate of 0.31 rubles. per share.
PJSC Joint Stock Financial Corporation Sistema (AFK Sistema, TIN 7703104630) is a public diversified corporation. The company was founded in 1993.
As of December 31, 2022, Vladimir Yevtushenkov owns a 49.2% stake in the structure of shareholders of PJSC AFK Sistema (as of December 31, 2021 – 59.2%). In 2022, V. Yevtushenkov transferred his share of 10%, thereby ceasing to be the holder of the majority of shares. 50.8% of shares belong to a significant number of shareholders (at December 31, 2021 – 40.8%). The shares are registered on the London Stock Exchange in the form of global depositary receipts on the Moscow and St. Petersburg exchanges.
Sistema's net profit for 2022 under IFRS increased by 15.8% to RUB 19.4 billion from RUB 16.76 billion a year earlier. Revenue increased by 18% to RUB 912.6 billion from RUB 773.22 billion, adjusted OIBDA – by 17.3% to RUB 310.45 billion from RUB 264.67 billion, operating profit – by 3.5% to RUB 161.2 billion from RUB 155.8 billion.
