RUSNANO, JSC Board of Directors Recommended Paying Dividends in the Amount of 537 mln Rubles Based on 2017 Results
On May 11, the Board of Directors of RUSNANO, JSC, recommended that the General Meeting of Shareholders pay dividends in the amount of 537 million rubles based on 2017 results. The General Meeting of Shareholders will take place until the end of June.
As previously stated, JSC RUSNANO's net profit was 1,057 billion rubles in 2017 according to reports by Russian Accounting Standards (RAS). The Russian State owns 100 % of the shares in RUSNANO, JSC.
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 103 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 5 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.