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Sberbank / Result of Meeting
Sberbank: Sberbank's Supervisory Board holds meeting
20-Apr-2017 / 17:08 CET/CEST
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*Sberbank's Supervisory Board holds meeting*
_April 20, 2017, Moscow_ - Sberbank announces the results of its Supervisory
Board meeting.
The Supervisory Board preliminary approved the annual statements and annual
(financial) accounting of Sberbank for 2016 and put them forward for
approval of the Annual General Meeting of the Bank's Shareholders (AGM).
The Supervisory Board decided to recommend that the AGM should allocate 25%
of the Bank's 2016 IFRS net profit as dividends. The size of the dividends
has been set at 6.00 roubles per one common stock and 6.00 roubles per one
preferred stock.
Making a decision on recommendations to the General Meeting of Shareholders
to pay dividends on the Bank's performance in 2016, the Supervisory Board is
guided by the principles of ensuring long-term stable development of the
Bank in compliance with the terms of the Bank's Strategy and Dividend
Policy, prudent risk management in order to mitigate the possible adverse
development of the situation in the markets where the Bank operates.
The Supervisory Board suggested that the date of determining the persons
entitled to receive dividends should be June 14, 2017.
The Supervisory Board recommended for the AGM to appoint
PricewaterhouseCoopers Audit JSC as Sberbank's audit company for 2017 and
the first quarter of 2018.
In addition, the Supervisory Board approved the format and text of the
ballots for voting at Sberbank's AGM that will review 2016 and determined
the list of information (materials) to be provided to individuals who have
the right to participate in Sberbank's AGM.
# # #
*Sberbank*
Alexander Baziyan
Press Office
Tel. +7 (495) 957 5721
media@sberbank.ru
*Sberbank* is Russia's largest bank and a leading global financial
institution. Sberbank holds almost one third of aggregate Russian banking
sector assets, it is the key lender to the national economy and the biggest
deposit taker in Russia. The Central Bank of the Russian Federation is the
founder and principal shareholder of Sberbank owning 50% of the Bank's
authorized capital plus one voting share, with the remaining 50% held by
domestic and international investors. Sberbank has more than 145 million
customers in 22 countries. Sberbank has the largest distribution network in
Russia with almost 15,000 branches, and its international operations include
UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other
countries.
The Bank holds the general banking license No.1481 issued by the Bank of
Russia. Official websites of the Bank: www.sberbank.com [1] (Sberbank Group
website), www.sberbank.ru [2].
The EquityStory.RS, LLC Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070
Listed: Open Market (Basic Board) in Frankfurt; London, Moscow
Category Code: ROM
TIDM: SBER
Sequence No.: 4081
End of Announcement EquityStory.RS, LLC News Service
566009 20-Apr-2017
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f3404b78992d31b00b8d7a87b51a05ec&application_id=566009&site_id=vwd&application_name=news
2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=378682496d93ad736271d8948eaf036a&application_id=566009&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 20, 2017 11:09 ET (15:09 GMT)
