Aeroflot board issues dividend policy

admin
By admin July 30, 2014 11:47

Aeroflot board issues dividend policy

The Board of Directors of Aeroflot has approved JSC Aeroflot’s dividend policy.

The details of the dividend policy indicate that Aeroflot will pay out dividends equal to 25% of Aeroflot Group’s consolidated net profit under International Financial Reporting Standards (“IFRS”).

The board also approved a new organizational structure for Aeroflot aimed at optimising the airline’s commercial activities and combining support functions under central management.

The board also approved a transaction for JSC Aeroflot to acquire shares in JSC Aurora Airlines as part of Aurora’s additional issue of shares. The transaction increases the value of JSC Aeroflot’s stake in Aurora, while the size of the stake remains unchanged at 51%.

admin
By admin July 30, 2014 11:47