ROS AGRО PLC (LSE: AGRO) has announced the Board of Director recommendations for the 1st half of 2017 dividend payment
The Board of Directors of the Company has recommended to the Extraordinary General Meeting of shareholders of the Company to be held on September 14, 2017 to approve the dividends for 1st half of 2017. The recommendation of the Board is to pay as dividends for the 1st half of 2017 1 861 815 178.42 Rubles or 30 933 688.31 USD. Given that the Company owns 2 172 368 of its own GDRs (5 GDRs represent 1 share), which will be excluded from dividend distribution, the dividend will be 69.2 (gross) Rubles per ordinary share or 13.84 (gross) Rubles per GDR. The payment of the dividends will be made in US dollars, based on the official foreign exchange rate established by the Central Bank of the Russian Federation on August 12, 2017, which is 60.1873. As a result the company will pay USD 1.15 (gross) per share or USD 0.23 (gross) per GDR.
The dividend Record date is September 14, 2017 (the ex-dividend date is September, 13, 2017), the payment date is on or before September, 30, 2017.