JSC VTB Bank (VTBR)
VTB announces the results of its Annual General Shareholders Meeting

06-Jun-2019 / 12:16 CET/CEST
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Press release

 

6 June 2019

 

VTBannounces the results of its AnnualGeneral ShareholdersMeeting

 

VTBBankreleased a statement onitsAnnualGeneralMeetingof Shareholders (AGM), heldinSt.Petersburgon 5 June 2019. The shareholders have approved VTB Bank's Annual Report and the Annual Financial Statements for 2018. Also, the following profit allocationsfor 2018 have beenapproved:

 

  • net profit, total RUB 230,906,903,335.16;
  • allocations to the Reserve Fund RUB 11,545,345,166.76;
  • dividend allocationon ordinary registered shares RUB 14,239,456,640.85;
  • dividend allocationon preferred Type 1 registered shares RUB 5,164,109,976.47;
  • dividend allocationon preferred Type 2 registered shares RUB 7,416,433,382.68;
  • undistributed net profit RUB 192,541,558,168.40.

 

The shareholders have approved the following dividends for 2018:

 

  • RUB 0.00109867761463259 per ordinary registered share with a nominal value of RUB 0.01;
  • RUB 0.00024127074137541 per preferred Type 1 share with a nominal value of RUB 0.01;
  • RUB 0.0024127074137541 per preferred Type 2 share with a nominal value of RUB 0.1.

 

The AGM has determined the following dividend payment procedure for 2018:

 

Dividends will be paid in monetary form, with the amount per shareholder calculated to one kopeck and subject to rounding.

 

Dividends will be paid within the following timeframes and will be based on the record date:

 

  • within ten (10) working days: to nominal holders and beneficial owners on the basis of shareholder register whoare professional securities market participants;
  • within twenty-five (25) working days: to other registered shareholders.

 

The record date is 24 June 2019.   

 

TheAGM has decided to pay the following remuneration to Supervisory Council members who are not state employees:

 

  • forthe workintheSupervisoryCouncil: RUB 4,600,000 each;
  • forthechairmanship intheSupervisoryCouncil: RUB 1,380,000;
  • fortheworkinaSupervisoryCouncilCommittee: RUB 460,000 each;
  • forthechairmanshipinaSupervisoryCouncilCommittee: RUB 920,000 each.

 

Also, a decision has beenmade to pay the following remunerationto Statutory Audit Commission members who are not state employees:

 

  •  fortheworkintheStatutory Audit Commission: RUB 916,690 each;
  •  forthechairmanship intheStatutory Audit Commission: RUB 275,007.

TheAGM haselected 11 memberstotheVTBBank'sSupervisoryCouncil:

  1. Mattias Arthur Warnig;
  2. Yves-ThibaultdeSilguy (independent member);
  3. Sergey Dubinin;
  4. Mikhail Zadornov;
  5. Andrey Kostin;
  6. Shahmar Movsumov (independent member);
  7. Igor Repin (independent member);
  8. Anton Siluanov;
  9. Alexander Sokolov;
  10. Oksana Tarasenko;
  11. VladimirChistyukhin.

 

The shareholders have approved the VTB Bank's Statutory Audit Commission comprised of six members.

 

Ernst & Young LLC has been approved as VTB Bank Auditor for the annual mandatory audit of VTB Bank for 2019.

 

Also, the shareholders have approved the new version of the VTB Bank Charter, the new wording of the Regulation on Preparing, Convening and Holding VTB Bank General Shareholders Meetings and the new wording of the Regulation on VTB Bank Supervisory Council.

 

The voting results of the AGM will be published within the established legal timeframeat VTB Bank's website.


ISIN: US46630Q2021
Category Code: MSCM
TIDM: VTBR
LEI Code: 253400V1H6ART1UQ0N98
Sequence No.: 9293
EQS News ID: 820599

 
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