Mostotrest PJSC to pay intermediate dividends
Mostotrest Board of Directors discussed the payment of interim dividends for 9M2019. The Board moved to recommend to the General Shareholders' Meeting a cash dividend of RUB11.29 per ordinary share for 9M2019. Considering the Company's net profit of RUB4,957,644,000 for 9M2019, the Board proposed to allocate a total of RUB3,186,212,995 as dividends.
The record date for dividends is December 23, 2019.
By decision of the Board, the Extraordinary General Shareholders' Meeting of Mostotrest PJSC to consider the size and payment of dividends will be held on December 12, 2019 in the form of absentee voting.
Mostotrest PJSC is the largest diversified infrastructure construction company with a footprint across all key and related market segments, and a participant in pioneering public-private partnership projects in Russia. According to the EMBS Group, an independent industry consultancy, Mostotrest 2016 share of the Russian transport infrastructure construction market was 14.6%.
The Mostotrest Group core business segments include construction and reconstruction of bridges (including road, railway and city bridges), roads and other transport infrastructure, as well as road maintenance, repair and operation services. In 2012, Mostotrest also diversified into road concession management.
The company was founded in 1930 for the construction of off-gauge and extra-large bridges.
Currently, Mostotrest is involved in the implementation of a number of complex integrated transport infrastructure projects, such as construction of several segments of the M-11 Moscow - St. Petersburg Highway, construction and reconstruction of segments of the M-4 «Don» Highway, as well as construction of the Kerch Strait Bridge.
For more detailed information about Mostotrest please visit: www.mostotrest.ru