En+ Group plc (the “Company” or “En+ Group”), a leading international vertically integrated aluminium and hydro power producer, today announces its decision on interim dividends. The Company’s Board of Directors has approved a further USD 125 million to be paid in December 2017 to holders of the Company’s shares and global depositary receipts as at 30 November 2017.
Earlier this year, En+ Group already declared and paid interim dividends in respect of 2017 totalling USD 201 million, of which USD 144 million are pass-through dividends paid by UC RUSAL.
Following the results of 2017 FY, the Company aims to declare additional dividends in 2018 for 2017 in compliance with its adopted dividend policy.
In 2017, the Company adopted a dividend policy to pay, on at least a semi-annual basis, dividends which will be equal to the sum of:
- 75% of Free Cash Flow of En+ Power, subject to a minimum of USD 250 million per year and
- 100% of dividends received from UC RUSAL.
Any future decision to declare and pay dividends will be subject to applicable law and commercial considerations.
Andrey Yashchenko, CFO, En+ Group, commented: “We are fully committed to our dividend policy, which underlines the strength of our business and further reinforces our compelling investment case.”
En+ Group announced its intention to float on the London Stock Exchange in October 2017 and expects to list in November 2017.
