The Board of Directors' recommendations about the dividends for 3Q 2023
At the meeting held on November 13, the Board of Directors recommended that the General Shareholders Meeting approve the payment of dividends for 3Q 2023 in the amount of RUB 135 per share before tax, for a total of 1.7 bln rubles, excluding payment of dividends on treasury shares, which, taking into account the dividends paid for the first half of the year, corresponds to approximately 100% Novabev Group’s net profit under IFRS for 9M2023.
Thus, the growth of dividend’s payment per share will be 80% compared to the same period last year. This amount of announced dividends takes into account the seasonality of the group’s business and contributes to a more even distribution of profits among shareholders throughout the year.
The Extraordinary Shareholders Meeting will be held on December 16, 2023 in absentia. It is recommended that the list of shareholders entitled to receive dividends be drawn up as of December 27, 2023.