Aeroflot Board of Directors recommends not paying dividends for 2022

Board of Directors of the Russian airline “Aeroflot» recommended to the General Meeting of Shareholders not to pay dividends for 2022. About this says in a company message. The decision was taken unanimously by 11 votes.

Against the backdrop of these news, Aeroflot shares fell to 39.34 rubles. per security after closing at 39.94 rubles. 2 June. By 13:00 Moscow time, the shares were trading at a price of 39.54 rubles. (-1.15%).

At the end of March, the press service of Aeroflot spokethat under the current conditions, the priority for the company is to maintain a sufficient supply of liquidity and cash on the company’s accounts.

According to Aeroflot’s dividend policy, the company pays securities holders 25% of the net profit received under IFRS. The airline did not disclose financial results for 2022. Last year, the general meeting of shareholders of Aeroflot accepted decision not to pay dividends for 2021