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VTB Bank announces the results of its Annual General Shareholders Meeting

·4-min read

JSC VTB Bank (VTBR)
25-Sep-2020 / 14:02 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

VTB Bank announces the results of its Annual General Shareholders Meeting

 

In accordance with the Bank of Russia recommendations and the Supervisory Council resolution the 2019 VTB Bank (PJSC) Annual General Meeting of Shareholders was convened via absentee voting. Between 1 and 24 September 2020 the total of 4,191 votes were received from shareholders, 96% of shareholders voted electronically via mobile application VTB Shareholder or via VTB Registrar website. The number of participants of the meeting grew by 78% compared to last year.

 

During the AGM shareholders took part in discussions and voted on 18 items of the meeting agenda. The shareholders have approved VTB Bank's Annual Report and the Annual Financial Statements for 2019. Also, the following profit allocations for 2019 have been approved:

 

 

 The shareholders have approved the following dividends for 2019:

 

 

The Annual General Meeting of Shareholders approved the distribution of VTB Bank's retained profit of previous years as follows:

 

The amount of dividend payment per one preference Type 1 share with a nominal value of RUB 0.01 out of retained profit of previous years is RUB 0.000204477847951373.

 

The AGM has determined the following dividend payment procedure:

 

Dividends will be paid in monetary form, with the amount per shareholder calculated to one kopeck and subject to rounding.

 

Dividends will be paid within the following timeframes and will be based on the record date: 

The record date for determining the list of persons eligible for dividend payment is 5 October 2020.   

 

The AGM has decided to pay the following remuneration to VTB Bank Supervisory Council members who are not state employees:

 

Also, a decision has been made to pay the following remuneration to VTB Bank Statutory Audit Commission members who are not state employees:

 

The AGM has elected 11 members to the VTB Bank's Supervisory Council:

The shareholders have approved the VTB Bank's Statutory Audit Commission comprised of five members.

 

Ernst & Young LLC has been approved as VTB Bank Auditor for the annual mandatory audit of VTB Bank for 2020.

 

Also, the shareholders have approved the new version of the VTB Bank Charter, the new wording of the Regulation on VTB Bank Supervisory Council, the new wording of the Regulation on VTB Bank Management Board, and the new wording of the Regulation on the VTB Bank Statutory Audit Commission.

 

The shareholders have also approved the participation of VTB Bank in the Big Data Association.

The voting results of the AGM will be published within the established legal timeframe at VTB Bank's website.


 

In Russian rubles

Total net profit for distribution

197,105,988,029.67

2,567,581,278.00

ordinary registered shares of VTB Bank (PJSC)

10,024,374,447.11

4,144,091,328.02

5,951,534,224.87

7,683,080,361.06

Retained net profit

166,735,326,390.61

 

In Russian rubles

 

Total retained profit of the previous years

349,300,947,164.24

4,376,602,353.66

(PJSC) in 2019 as a result of migrating to accounting with application of IFRS 9 ("Financial Instruments") (in accordance with the Bank of Russia regulatory acts)

344,924,344,810.58

 

 

 

 

 

In Russian rubles

Total net profit for distribution

197,105,988,029.67

2,567,581,278.00

ordinary registered shares of VTB Bank (PJSC)

10,024,374,447.11

4,144,091,328.02

5,951,534,224.87

7,683,080,361.06

Retained net profit

166,735,326,390.61

 

In Russian rubles

 

Total retained profit of the previous years

349,300,947,164.24

4,376,602,353.66

(PJSC) in 2019 as a result of migrating to accounting with application of IFRS 9 ("Financial Instruments") (in accordance with the Bank of Russia regulatory acts)

344,924,344,810.58

 

 

 

 

ISIN:

US46630Q2021

Category Code:

MSCM

TIDM:

VTBR

LEI Code:

253400V1H6ART1UQ0N98

Sequence No.:

84909

EQS News ID:

1136773


 

End of Announcement

EQS News Service

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