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SIBUR Board of Directors Approves the 2015 CAPEX Plan

Source: www.gulfoilandgas.com 3/26/2015, Location: Asia

SIBUR Board of Directors approved the Company's 2015 CAPEX plan of RUB 64.7 bn.

In 2014, the total CAPEX, including purchase of intangible assets and other non-current assets, amounted to RUB 71.6 bn.

The decline in approved 2015 CAPEX is attributable to the completion of several large-scale investment projects in 2013 and early 2014, while we started financing ZapSibNeftekhim in the end of 2014.

The Board of Directors also recommended that the Annual General Meeting approves paying RUB 17.3 bn in dividends for 2014, including interim dividends for 1H 2014, representing 25% of adjustedi net profit for 2014. The total dividend payout comprises RUB 7.95 per ordinary share.

Excluding interim dividends, the dividend payout is RUB 4.42 per share or RUB 9.6 bn.

The Annual General Meeting is scheduled for 24 April 2015. Participation in The Annual General Meeting is subject to the register of shareholders as at 3 April 2015.



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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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