The dividend policy of PJSC RossetiApproved by the resolution of the Board of Directors of PJSC FGC UES on 28 May 2018 (Minutes No. 406 dated 30 May 2018). is founded on the rigorous observance of shareholders’ rights as outlined by Russian Federation laws. It is centred on the Company’s concurrent strategic development, enhancement of its investment appeal and growth in market capitalisation. The decision of the General Meeting of Shareholders of PJSC Rosseti on the payment of dividends shall be made in line with the recommendations of the Board of Directors of PJSC Rosseti on the basis of its financial results of the Company, including those derived from the consolidated IFRS financial statements.
The Annual General Meeting of Shareholders of the Company held on 30 June 2023Minutes of the Annual General Meeting of Shareholders No. 29 dated 30 June 2023. resolved not to pay 2022 dividends on PJSC Rosseti’s ordinary shares due to the need to finance the Company’s Investment Programme.
The Annual General Meeting of Shareholders of the Company decided not to pay dividends on ordinary shares of PJSC Rosseti based on the results of 2022 due to the need to finance the Company’s investment programme.
Dividend history of the Company for 2019–2023
Indicators
2019 (for 2018)
2019 (for 9M 2019)
2020 (for 2019)
2021 (for 2020)
2022 (for 2021)
2023 (for 2022)
Total dividends, RUB mln
20,449.4
11,229.3
12,102.1
20,564.0
At the Annual General Meeting of Shareholders of the Company held on 28.06.2022, it was resolved not to pay dividends on the Company’s ordinary shares at the end of 2021
At the Annual General Meeting of Shareholders of the Company held on 30.06.2023, it was resolved not to pay dividends on the Company’s ordinary shares at the end of 2022
Dividend per share, RUB
0.016042926012
0.00880960765
0.009494338212
0.016132865449
Dividends, % of net income under RAS
50% (of adjusted net income under RAS)
–
50% (of adjusted net income under RAS)
50% (of adjusted net income under RAS)
Declaration date
26.06.2019
30.12.2019
15.05.2020
29.06.2021
Date of actual payout
30.07.2019Minutes of the Annual General Meeting of Shareholders No. 29 dated 30 June 2023.
20.08.2019To nominees and trustees.
27.01.2020To other persons listed in the Company’s shareholder register.
17.02.2020To other persons listed in the Company’s shareholder register.
15.06.2020To other persons listed in the Company’s shareholder register.
06.07.2020To other persons listed in the Company’s shareholder register.
30.07.2021To other persons listed in the Company’s shareholder register.
20.08.2021To other persons listed in the Company’s shareholder register.
End date of the 3‑year dividend payout period
26.06.2022
30.12.2022
15.05.2023
29.06.2024
Balance of unpaid dividendsDividends were paid in full to all persons listed in the Company’s shareholder register, except for persons who failed to timely inform the Company’s shareholder register holder of any changes in their data, as well as those for whom the shareholder register contains inaccurate information regarding dividend payment.
(as of 31.12.2023), RUB mln
0
0
0
61.64
Following the completed restructuring of the Company in the form of a merger with Public Joint Stock Company Russian Power Grids, OJSC Tomsk Main Power Grids, JSC Kuban Main Power Grids, and JSC DVEUK — UNPG, the obligations to pay dividends were transferred to the Company within three (3) years from the date of the decision to pay dividends of Public Joint Stock Company Russian Power Grids and OJSC Tomsk Main Power Grids.
Obligations to pay dividends of Public Joint Stock Company Russian Power Grids for 2021
Indicators
Share type
2021
(for 2020)
2022
(for 2021)
ordinary
preference
Total dividends, RUB mln
4,877.93
122.07
5,000.00
At the Annual General Meeting of Shareholders of the Company held on 30.06.2022, it was resolved not to pay dividends on the Company’s ordinary and preference shares at the end of 2021
Dividend per share, RUB
0.024533417
0.058826169
–
Dividends, % of net income under RAS
16.92 (of adjusted net income under RAS)
Declaration date
30.06.2021
Date of actual payout
30.07.2021To nominees and trustees., 23.08.2021To other persons listed in the Company’s shareholder register.
End date of the 3‑year dividend payout period
30.06.2024
Balance of unpaid dividendsDividends were paid in full to all persons listed in the Company’s shareholder register, except for persons who failed to timely inform the Company’s shareholder register holder of any changes in their data, as well as those for whom the shareholder register contains inaccurate information regarding dividend payment. (as of 31.12.2023), RUB mln
5.34
4.6
9.94
Obligations to pay dividends to OJSC Tomsk Main Power Grids for 2021 and 2022
Indicators
Share type
2021 (for 2020)
Share type
2022 (for 2021)
ordinary
preference
ordinary
preference
Total dividends, RUB mln
9.463
2.514
11.977
16.508
2.492
19.001
Dividend per share, RUB
0.0024776897760.002477689776
0.0043592340490.004359234049
–
0.00432233
0.00432233
–
Dividends, % of net income under RAS
25 (of adjusted net income under RAS)
50% (of adjusted net income under RAS)
Declaration date
25.06.2021
29.06.2022
Date of actual payout
23.07.2021To nominees and trustees., 13.08.2021To other persons listed in the Company’s shareholder register
27.07.2022To nominees and trustees., 17.08.2022To other persons listed in the Company’s shareholder register
End date of the 3‑year dividend payout period
25.06.2024
29.06.2025
Balance of unpaid dividendsDividends were paid in full to all persons listed in the Company’s shareholder register, except for persons who failed to timely inform the Company’s shareholder register holder of any changes in their data, as well as those for whom the shareholder register contains inaccurate information regarding dividend payment. (as of 31.12.2023), RUB mln
0
0.275
0.275
0
0.428
0.428
Shareholder and Investor Relations
PJSC Rosseti ensures regular, prompt, accessible and reliable disclosure of information to all stakeholders, including shareholders and investors.
The Company pays special attention to responses to shareholders’ requests on the following issues:
Receipt of dividends
Inheritance registration
Amendments to the shareholder register
Transactions in securities
Other issues related to exercise of rights for securities
To create comfortable conditions for shareholders to exercise their rights related to timely receipt of complete and accurate information about the Company, the Company organised several forms of shareholder communication, namely, submitting requests through the call centre and (or) forum for shareholders on the website, sending mails or e‑messages to the Company’s email address. The Company’s shareholders can receive advice not only by calling the number of Rosseti’s unified information centre, but also via the hotline for shareholders organised by JSC STATUS, a registrar of the Company.
Shareholder’s Account
The Company offers a convenient and secure information service for shareholders’ participation in corporate actions of the Company and interaction with JSC STATUS, the Company’s registrar, — “STATUS Online. Shareholder’s AccountShareholder’s account on the website of JSC STATUS, the Company’s registrar.”, which allows:
To obtain information on the personal account in the shareholder register on the number of shares held
To make changes to the data of the personal account in the shareholder register, including changes in passport data,addressof residence, and dividend reception method
To request extracts from the shareholder register to confirm the ownership of shares
To obtain information on accrued and paid dividends
To familiarise yourself with the materials for shareholders’ meetings
To access the Shareholder’s Account it is necessary to receive login and password from JSC STATUS, the Company’s registrar, either in service offices or authorise via the Gosusgoservices portal or the Sberbank Online service.
Information on the Shareholder’s Account access procedure is available in JSC STATUS. For all questions regarding access to the Shareholder’s Account, shareholders may contact JSC STATUS’s Contact Centre by phone +7 (495) 280-04-87, office@rostatus.ru.
