JSC Halyk Bank (hsbk)
JSC Halyk Bank: On amendments to the Bank's dividend policy
24-Jun-2019 / 17:28 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
On amendments to the Bank's dividend policy
24 June 2019
JSC Halyk Bank (the Bank) informs that on 24 June 2019 the Board of
Directors approved the Bank's revised dividend policy.
Taking note of the Bank's medium-term financial targets recently announced
at the Capital Markets Day in London, the Bank's dividend policy has been
amended to pay out at least 50% and up to 100% of the Group's consolidated
net income for the reporting year subject to compliance with the covenants
and other terms and conditions under all outstanding obligations of the
Bank.
The Board of Directors of the Bank may propose to the General Shareholders'
Meeting not to allocate a part of the total net income for the reporting
year for dividend payments or to reduce the amount allocated for dividend
payments less than 50% of the total net income for the reporting year
subject to economic conditions and business prospects of the Bank.
Amended dividend policy of the Bank can be found on link:
https://halykbank.kz/korporativnoe_upravlenie [1]
For further information, please contact:
Halyk Bank
Viktor Skryl +7 727 259 04 27
ViktorSk@halykbank.kz
Mira Kasenova +7 727 259 04 30
MiraK@halykbank.kz
Karashash Karymsakova +7 727 330 01 92
KarashashK@halykbank.kz
ISIN: US46627J3023
Category Code: MSCM
TIDM: hsbk
Sequence No.: 11153
EQS News ID: 829907
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=671f4e4f19becd64e32f65e3f76ebc54&application_id=829907&site_id=vwd&application_name=news
(END) Dow Jones Newswires
June 24, 2019 11:29 ET (15:29 GMT)
