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«SIBUR» LLC is the managing organization of PJSC «SIBUR Holding».

117218, Moscow, Krzhizhanovsky st., 16/1

A dividend is a part of the Company’s net profit distributable among shareholders pro rata to the number of shares of respective category (type) they hold.

Dividend policy

Our dividend policy seeks to enhance the Group’s investment case and increase shareholder value. Decisions on dividend distribution are based on maintaining the balance between strategic goals, investment plans, and opportunities to return invested capital to the Company’s shareholders in strict compliance with the Russian legislation as well as with SIBUR’s Charter and by-laws.

The General Meeting of Shareholders approves decisions on dividend payout as well as DPS amount, timing and form of payment, based on the recommendation of the Board of Directors.

The primary objective of the dividend policy is to ensure stable growth of the Company’s capitalisation, while paying annual compulsory dividends to the Company’s shareholders in an amount to be determined pursuant to this Regulation.

When making recommendations on the dividend payout based on financial performance in a reporting year, the Board of Directors takes into account the Company’s goal of paying dividends in the amount of at least 50% of the profit attributable to the shareholders of the parent company calculated on the basis of consolidated financial statements under IFRS for the relevant reporting period and adjusted for:

  • The amount of FX gains/losses
  • The amount of extraordinary non-cash income and expenses, including share-based payments to employees received on behalf of the Company and not consolidated in its IFRS accounts
  • The amount of one-off (non-recurring) income and expenses
TAXATION OF DIVIDENDS LINK TO THE SECTION

Dividend taxation

  • 13% for resident individuals
  • 15% for non-resident individuals

In March 2021, SIBUR's Board of Directors approved a new Divided Policy Regulation that increased the minimum dividend payout ratio from 35% to 50% of IFRS net profit.

 
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