Based on RUSNANO’s 2017 Results, the Executive Board of RUSNANO Management Company Has Recommended Setting Aside 537 Million Roubles for Dividend Payments

24 April 2018

The Executive Board of RUSNANO Management Company has recommended RUSNANO’s Board of Directors to raise the question of paying out 537 million roubles in dividends, based on the 2017 results, at the company’s general shareholders’ meeting. 

The meeting of the governing body agreed and passed the relevant resolution.  RUSNANO’s Board of Directors will consider the question of the allocation of the company’s profits in May and the general shareholders’ meeting will be held by the end of June.

As reported earlier, RUSNANO’s net profits for 2017, calculated under Russian Accounting Standards, were 1.057 billion roubles. 100% of RUSNANO’s shares are owned by the state.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 96 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 4 years.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.