RUSNANO Shareholders’ Meeting Approves the Dividend Payments for 2018

28 June 2019

RUSNANO JSC Annual General Shareholder’s Meeting approved the payment of dividends on ordinary shares based on the results of 2018 in the amount of RUB 550 mln, which is 61.64% of net profit according to RAS for the previous year.

Based on the reporting according to RAS, RUSNANO JSC’s net profit for 2018 was RUB 892.2 mln.

For the first time in its history, RUSNANO JSC paid dividends based on the results of 2017 in the amount of RUB 537.5 mln, or about 50% of its net profit according to RAS for 2017.

100% of shares of RUSNANO JSC 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 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.