En+ Group informs on dividend arrangements

Press releases


november, 2017

En+ Group plc (LSE: ENPL; MOEX: ENPL) (the “Company”), a leading international vertically integrated aluminium and power producer with core assets located in Russia, notifies that its interim dividend per Share and per Global Depository Receipt will amount to USD 0.21875. The Company’s Board of Directors approved and announced the interim dividend on 20 October 2017. The dividend will be paid out to shareholders in USD on 20 December 2017.The dividend record date is 30 November 2017.

The total dividend payout amounts to approximately USD 125 million.

Earlier this year, the Company declared and paid an interim dividend in respect of 2017 totaling USD 201 million. The amount of dividend payments received by En+ Group from UC RUSAL in 2017 totaled USD 144 million.

In 2017, the Company adopted a dividend policy to pay, on at least a semi-annual basis, dividends which will be equal to the sum of:

  • 75% of Free Cash Flow of En+ Power, subject to a minimum of USD 250 million per year and
  • 100% of dividends received from UC RUSAL.

Any future decision to declare and pay dividends will be subject to applicable law and commercial considerations.

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