DJ VTB Bank announces the results of its Annual General Shareholders Meeting
JSC VTB Bank (VTBR)
VTB Bank announces the results of its Annual General Shareholders Meeting
25-Sep-2020 / 14:02 CET/CEST
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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:
In Russian rubles
Total net profit for distribution 197,105,988,029.67
2,567,581,278.00
? Allocations to the Reserve Fund
10,024,374,447.11
? Allocations for payment of dividends on
the outstanding
ordinary registered shares of VTB Bank (PJSC)
4,144,091,328.02
? Allocations for payment of dividends on
the outstanding Type 1 registered
preference shares of VTB Bank (PJSC)
5,951,534,224.87
? Allocations for payment of dividends on
the outstanding Type 2 registered
preference shares of VTB Bank (PJSC)
7,683,080,361.06
? Allocations for repayment of the loss of
VTB Bank (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)
Retained net profit 166,735,326,390.61
The shareholders have approved the following dividends for 2019:
? RUB 0.00077345337561138 per one ordinary share with a nominal value of
RUB 0.01;
? RUB 0.000193614774199896 per one preference Type 1 share with a nominal
value of RUB 0.01;
? RUB 0.00193614774199896 per one preference Type 2 share with a nominal
value of RUB 0.1.
The Annual General Meeting of Shareholders approved the distribution of VTB
Bank's retained profit of previous years as follows:
In Russian rubles
Total retained profit of the previous 349,300,947,164.24
years
4,376,602,353.66
? Allocations for payment of dividends
on the outstanding Type 1 registered
preference shares of VTB Bank (PJSC)
344,924,344,810.58
? Allocations for repayment of the loss
of VTB Bank
(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)
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:
? within ten (10) working days: to nominal holders and beneficial owners
on the basis of shareholder register who are professional securities
market participants;
? within twenty-five (25) working days: to other registered shareholders.
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:
? for the work in the Supervisory Council: RUB 4,600,000 each;
? for the chairmanship in the Supervisory Council: RUB 1,380,000;
? for the work in a Supervisory Council Committee: RUB 460,000 each;
? for the chairmanship in a Supervisory Council Committee: RUB 920,000
each.
Also, a decision has been made to pay the following remuneration to VTB Bank
Statutory Audit Commission members who are not state employees:
? for the work in the Statutory Audit Commission: RUB 916,310 each;
? for the chairmanship in the Statutory Audit Commission: RUB 274,893.
The AGM has elected 11 members to the VTB Bank's Supervisory Council:
1) Mattias Arthur Warnig;
2) Grigorenko Dmitriy;
3) Yves-Thibault de Silguy (independent member);
4) Mikhail Zadornov;
5) Andrey Kostin;
6) Israfil Mammadov (independent member);
7) Moiseev Alexey;
8) Igor Repin (independent member);
9) Reshetnikov Maxim;
10) Sidorenko Valeriy;
11) Alexander Sokolov.
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.
ISIN: US46630Q2021
Category Code: MSCM
TIDM: VTBR
LEI Code: 253400V1H6ART1UQ0N98
Sequence No.: 84909
EQS News ID: 1136773
End of Announcement EQS News Service
(END) Dow Jones Newswires
September 25, 2020 08:02 ET (12:02 GMT)
