The Board of Directors of Rusagro recommended not to pay dividends

Board of Directors of PJSCRusagro» recommended not to pay dividends for 2022. This should from a company message.

“Net profit of PJSC Rusagro Group based on the results of 2022 in the amount of RUB 1.08 billion. leave at the disposal of society, direct to development. Do not pay dividends on ordinary shares,” Rusagro said in a statement.

Also, the board of directors did not recommend paying remuneration and accruing reimbursement of expenses to members of the board.

Agricultural holding “Rusagro» in 2022 was able to increase turnover by only 6% to 258.6 billion rubles. The majority of analysts polled by Vedomosti called the group’s financial results “unimpressive.” In addition, in March 2022 the company canceled the decision to pay dividends for 2021, and in April decided not to make payments due to the uncertainty of the situation around Russia and Ukraine.

In April, Vedomosti wrote that the three big blue chips – Sberbank“Novatek” And “Lukoil” – are ready to pay dividends for 2022. At the same time it became known that the Board of Directors of Norilsk Nickel, following the results of the meeting on April 28, 2023, recommended shareholders at the annual meeting decide not to pay dividends for 2022. A similar decision accepted and the Board of Directors of PJSCSeverstal“. The last time the company paid annual dividends for 2020 was 30.4 billion rubles.