Cherkizovo Group’s Board Recommended to Pay Dividends

September 15, 2014

A meeting of the Board of Directors of Cherkizovo Group meeting was held on September 11, 2014, and a decision to call an extraordinary general meeting of shareholders was made. The EGM will be held on November 10, 2014. Payment of dividends will be discussed during the meeting. The Board recommended that the EGM vote for a dividend payment of RUB 1,514,264,391, or RUB 34.44 per ordinary share.

The closing date for payment is November 21, 2014. The closing date for registration for the EGM is September 22, 2014.

Commenting on the Board's decision, Sergei Milhailov, Cherkizovo CEO, said: "If the dividend payment is approved by the general meeting, it will be the first ever dividend in Cherkizovo's history, and I am sure this is completely in line with our shareholders' interests. In the future we plan to provide well balanced dividend yields for our investors, while investments in dynamic growth and strategic M&As will remain the top priority for the company."