JSC VTB Bank (VTBR) 
VTB's Supervisory Council decided to convene the AGM of shareholders and to make recommendations on dividend payments 
for 2020 
23-Apr-2021 / 17:59 CET/CEST 
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VTB's Supervisory Council decided to convene the AGM of shareholders and to make recommendations on dividend payments 
for 2020 
 
The Supervisory Council of VTB Bank has decided to convene the AGM (Annual General Meeting) of shareholders on 4th June 
2021. Due to the continuing restrictions on holding mass events, it was decided the meeting to be held in the form of 
absentee voting. 
 
The list of persons entitled to participate in the meeting will be compiled by 11th May 2021. Shareholders can vote 
electronically via VTB Shareholder mobile app and on VTB Registrar's website from 12th May to 4th June. 
 
The agenda materials will be published in a special section of VTB website, and they will be available in the 
Shareholders' Centres in Moscow, St. Petersburg, and Yekaterinburg from 5th May 2021. 
 
The Supervisory Council has also decided to recommend to the AGM of shareholders to pay dividends on VTB Bank shares in 
the amount of RUB 35.65 billion. The distribution of dividend payments is recommended in the following proportion: 
ordinary shares - RUB 18.15 billion, type 1 preference shares - RUB 7.18 billion,  type 2 preference shares - RUB 10.32 
billion. Based on the average market value of ordinary shares in 2020 and the nominal value of preference shares, the 
dividend yield will be 3.75% for ordinary shares and 3.36% for preference shares of both types. The dividend payments 
on ordinary shares will correspond to the payment of dividends in the amount of 50% of net profit under IFRS, and the 
dividend payments on preference shares will correspond to the payment of dividends in the amount of 45% of the net 
profit under IFRS. 
 
If approved at the AGM of shareholders, the dividend will be as follows (in rounded figures): per one ordinary share - 
RUB 0.0014, per one type 1 preference share - RUB 0.000336, and per one type 2 preference share - RUB 0.00336. Compared 
to the previous year, the amount of dividend payment on ordinary shares will increase by 81%. The date on which the 
list of persons entitled to receive dividends is determined to be 22nd June 2021. 
 
Payment of the aforementioned dividends after approval at the AGM of shareholders will be made within the following 
terms from the date on which the persons entitled to receive the dividends are determined: 
 
  ? Within 10 working days - to a nominee holder and a trustee who is a professional participant in the securities 
    market, who are registered in the register of shareholders. 
  ? Within 25 working days - to other persons registered in the register of shareholders. 
VTB Management Board member Dmitry Pianov noted: 
 
"VTB's policy is to provide dividends on ordinary shares that correspond to the payment of 50% of net profit under 
IFRS. This level of dividends is proposed for approval for the past year, and we confirm the plan to continue to adhere 
to this approach. We are confident that the normalisation of profitability in the current year, when we expect to earn 
a net profit of RUB 250 billion and an increase in profitability in further on  will deliver a very attractive level of 
dividend yield on VTB shares." 
 
 
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ISIN:          US46630Q2021 
Category Code: MSCM 
TIDM:          VTBR 
LEI Code:      253400V1H6ART1UQ0N98 
Sequence No.:  100648 
EQS News ID:   1188058 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

April 23, 2021 12:00 ET (16:00 GMT)