Shares and dividend policy
Share capital structure
As at 31 December 2017, the issued outstanding share capital of PJSC SAFMAR Financial investments ('company') amounts to RUB 74,797,000 and consists of 111,637,791 ordinary registered shares with a par value of RUB 0.67 each.
The company’s ordinary shares are traded on the Moscow Exchange (ticker: SFIN)*. Company’s shares are included into the MICEX index, the capitalisation-weighted composite index based on prices of the 50 most liquid Russian stocks of the largest and dynamically developing Russian issuers. Company’s shares are also included into the Financial Industry index.
As at 30.11.2017, the free float stands at 29%. ISIN: RU000A0JVW89.
|SAFMAR Group’s companies||64.7%**|
*Effective from 03.01.2018 the ticker was altered resulting from PJSC Europlan’s change of its name to PJSC SAFMAR Financial investments on August 21, 2017.
*As at 30.11.2017:
- Excluding the 6.3% share of ROST BANK JSC, which is no longer an affiliate of the company.
- BINBANK PJSC does not hold company's shares and is also not an affiliate of the company.
The Dividend Policy of PJSC SAFMAR Financial investments was approved by the resolution of the Board of Directors in February 2018.
The recommended amount of dividend payments is determined by the Board of Directors of the Company based on the financial performance of the year. The target level of dividend payments is not less than 75% of the minimum value from:
- the amount of net profit according to the accounting (financial) statements of the Company compiled in accordance with the requirements of the Russian Accounting Standards (RAS) for the reporting year; and
- the amount of free cash flow of the Company for the reporting year, subject to the availability of dividend income from subsidiaries / affiliates.
The company publishes resolutions of its General Meeting of Shareholders concerning dividend payments on its corporate web site at www.safmarinvest.ru, on the internet on the disclosure web site at http://www.e-disclosure.ru/portal/company.aspx?id=11328, and also communicates this information to its shareholders through publications prescribed by the applicable laws in the Russian Federation.