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VSMPO-Avisma could double dividend to 533.91 rubles a share for 2013 (Part 2)

 Directors at VSMPO-Avisma (MOEX: VSMO) are recommending a dividend of 533.19 rubles per ordinary a share for 2013, the titanium producer said in a statement.

 
The register of shareholders entitled to the dividends closes on June 17.
 
The total payout could exceed 6.1 billion rubles.
 
VSMPO-Avisma paid a total of 3.226 billion rubles at 279.83 rubles a share for 2012.
 
The annual shareholders meeting takes place on June 6. Shareholders on record as of April 23 will be entitled to vote.
 
VSMPO-Avisma said in an explanatory note to a financial report to Russian Accounting Standards (RAS) on April 16 that Mikhail Shelkov, deputy chairman of the board of directors at VSMPO-Avisma, and management controlled 65.27% of the corporation's shares as of March 2014. Shelkov is the controlling beneficiary, with most of the shares in CJSC Expotrade, which controlled 50% plus one share in VSMPO-Avisma s of December 31, 2013.
 
Expotrade closed the acquisition of 15.27% of the corporation's shares in March 2014.
 
The state Rostec corporation owns 25% plus one share.
 
 
9 May 2014

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