Gazprom Neft shareholders confirm interim dividend on basis of H1 2015 results

01 October 2015

An extraordinary general meeting of Gazprom Neft shareholders held on 30 September 2015 has confirmed the allocation of interim dividends to be paid on the basis of the company’s first half-year results for 2015. Shareholders in Gazprom Neft confirmed the payment of a dividend at RUB5.92 per share, amounting to a total dividend payment of RUB28.1 billion, equivalent to 25 percent of the company’s consolidated profit in the first six months of 2015 (RUB112.4 billion, consistent with International Financial Reporting Standards (IFRS)). Information on those shareholders entitled to receive dividend payments will be published by close of business on 16 October 2015.

Shareholders also confirmed amendments to the Company Charter, reflecting changes to the company’s legal structure and incorporation. Consistent with changes to the Civil Code of the Russian Federation, JSC Gazprom Neft has been renamed “Public Joint Stock Company Gazprom Neft” (“Gazprom Neft PJSC”). The extraordinary general meeting of shareholders also approved changes to the company’s Corporate Governance Code, making this consistent with principles recommended under the Corporate Governance Code of the Bank of Russia for joint stock companies issuing securities for organised trading.