Fixed Income Market Presentation
AGM and dividends
16 March
2015
28 April
2015
12 May
16 June
2015
2015
AGM record
date
The date of the
Annual General
Shareholders
Dividend
The dividend
record date
are paid on 16
June 2015
History of dividend growth
DPS for the financial year, RUB
XX% Payout ratio
Meeting ("AGM")
55%
47%
3,87
35%
2,38
MOEX
ΙΡΟ
1,22
0,16 0,14 0,16
0,16
0,31
2007 2008 2009
2010
2011 2012
2013
2014
☑
MOSCOW
EXCHANGE
Dividend policy 2013-2015: growing payout ratio
of minimum 30/40/50% for Y12/Y13/Y14
Each year MOEX paid more than the minimum
threshold set in the dividend policy: 35/47/55%
of IFRS net profit
Since IPO MOEX returned 10.3% of the current
Mcap (RUB 166.7 bln) to shareholders in form
of dividends
A new dividend policy is expected to be approved
by the Supervisory Board later this year
12View entire presentation