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MICEX-RTS to Pay 10% Net Profit in Dividends, Worth RUB 681mn

20.06.2012 20:22 / Interfax

At the annual GSM on Wednesday, MICEX-RTS shareholders passed the decision to pay the dividend of 10% of net IFRS profit, worth RUB 681mn, as reported by Interfax.

Each share will yield RUB 0,305.

MICEX-RTS reported a net 2011 IFRS profit of RUB 6,7bn.

Chairman of the Board, Deputy Chairman of Central Bank Sergey Shvetsov said earlier that the Board recommended to pay a 10% IFRS dividend for the group as a whole. Previously, the dividend was 10% of RAS (Russian Accounting Standards) net profit of the head company.

MICEX-RTS was established 19 December 2011 through RTS and MICEX merger. MICEX 2010 dividends were 10% net profit – RUB 223,32mn. RTS paid no dividend for 2010.

MICEX-RTS plans an IPO by mid-2013, expecting a USD 6bn capitalization. The IPO is set to raise some USD 1bn.

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