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OMV PETROM S.A. - SNP

2017 Dividend proposal

Release Date: 2/21/2018 7:55:10 AM

IRIS Code: 2AFF9

 

  

In compliance with Law no. 24/2017 on issuers of financial instruments and market operations and National Securities Commission Regulation no. 1/2006 on issuers and operations with securities

 

 

Date of report: February 21, 2018

Name of issuer: OMV Petrom S.A.

Headquarters: Bucharest, 22 Coralilor Street, District 1, („Petrom City”)

Telephone/fax number: +40 372 160697/ +40 372 868518

Sole registration number at the Trade Register Office: 1590082

Fiscal attribute: RO

Trade Register Number: J 40/8302/1997

Share capital: 5,664,410,833.5 RON

Regulated market on which the issued shares are traded: Bucharest Stock Exchange and London Stock Exchange

 

 

Significant event to be reported:

Executive Board’s initial proposal regarding dividend distribution for the financial year 2017

 

 

In accordance with the legal and statutory provisions, it is under the Executive Board duty to make recommendations to the shareholders regarding the distribution of profits.

Based on the 2017 preliminary results and strong free cash flow, the Executive Board of OMV Petrom S.A. proposes a gross dividend of RON 0.02/share for the 2017 financial year.

This initial proposal observes the current dividend policy, as published on the OMV Petrom S.A.’s corporate website.

The Executive Board’s final proposal for the distribution of dividends for the financial year 2017, to be submitted for approval to the April 2018 Ordinary General Meeting of Shareholders, will be subject to the approval by the Supervisory Board and will be communicated on the occasion of the convening of the above mentioned Ordinary General Meeting of Shareholders.

 

 

 

 

 

Mariana Gheorghe                                                              Stefan Waldner

Chief Executive Officer                                                      Chief Financial Officer

President of the Executive Board                                     Member of the Executive Board

 



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