PJSC Mostotrest Board of Directors approved recommendations on dividend payment
The Board of Directors of PJSC Mostotrest (hereinafter - Mostotrest, the Company or the Group), during its meeting held on May 29, 2018 in Moscow, approved recommendations to the Annual General Shareholders' Meeting on distribution of profits and payment of dividends based on results for the 2017 financial year.
It was recommended that the amount of dividend payment be maintained at the level of 2016. The total amount allocated by the Company to dividends based on 2017 results, on the recommendation of the Board of Directors, is set at RUB3,002,772,920 or RUB10.64 per 1 ordinary share. The total amount of previously distributed and paid interim dividends for 9M 2017 was RUB2,384,720,975 or RUB8.45 per 1 ordinary share. Therefore, the remaining amount of dividends to be paid for 2017 totals RUB618,051,945 or RUB2.19 for 1 ordinary share. The dividend record date is July 3, 2018.
Earlier on May 18, 2018, the Board of Directors of the Company decided to convene the Company's Annual General Shareholders' Meeting on June 22, 2018. The meeting record date is May 29, 2018.
PJSC Mostotrest is Russia’s largest diversified company in the field of infrastructure construction, present in all key and related market segments, and is a participant in the first-ever public-private partnership projects in Russia. According to the independent industry consultancy EMBS Group, Mostotrest had a 14.6% market share in transport infrastructure construction in Russia in 2017.
The Mostotrest Group core business segments are construction and reconstruction of bridges (including road, railway and city bridges), highways and other transport infrastructure, as well as road maintenance, repair and operation services. In 2012, the Group further diversified into the road concessions management segment.
The company was founded in 1930 for the construction of extra-large and special grade bridges.
Currently, Mostotrest is involved in a number of complex transport infrastructure development projects, such as the construction of several sections of the M-11 Moscow – Saint Petersburg Highway, construction and reconstruction of sections of the M-4 «Don» Highway and construction of the Kerch Strait Bridge.
For more information please visit www.mostotrest.ru