United Company RUSAL Plc: Declaration of Interim Dividend
September 29 2016 - 8:20PM
Business Wire
Regulatory News:
United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):
Hong Kong Exchanges and Clearing Limited and The Stock Exchange
of Hong Kong Limited take no responsibility for the contents of
this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
UNITED COMPANY RUSAL PLC(Incorporated
under the laws of Jersey with limited liability)(Stock Code:
486)
DECLARATION OF INTERIM DIVIDEND
This announcement is made by United Company RUSAL Plc (the
“Company”) pursuant to Rule 13.09 of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited,
the Inside Information Provisions under Part XIVA of the Securities
and Futures Ordinance (Cap. 571, Laws of Hong Kong) and applicable
French laws and regulations.
Shareholders and potential investors are advised to exercise
caution when dealing in the shares of the Company.
INTERIM DIVIDEND
The Board of Directors (the “Board”) of the Company has
on 29 September 2016 approved an interim dividend of US dollars
0.01645 per ordinary share for the financial year ending 31
December 2016 (the “Interim Dividend”).
The Interim Dividend will be payable in cash to shareholders of
the Company whose names appear on the principal register of
shareholders of the Company in Jersey at 4:30pm Jersey time on 3
October 2016 and to the shareholders registered in the Hong Kong
overseas branch register of shareholders of the Company at 4:30pm
Hong Kong time on 3 October 2016.
Payment of the Interim Dividend is subject to the Company
obtaining prior consents from certain lenders of the Company (the
“Lenders”).
Subject to the Company obtaining the Lender’s consent as
mentioned above, the Interim Dividend is expected to be paid on
31 October 2016 or as soon as practicable after all
necessary consents from the Lenders are obtained and/or covenants
are put into place and/or met to pay the Interim Dividend (the
“Payment Date”). The payment of the Interim Dividend shall
be made in cash in a currency to be determined based on the
registered address of each registered shareholder whose name
appears on the Company’s registers of shareholders as follows: Hong
Kong dollars for shareholders with registered address in Hong Kong
and US dollars for shareholders with registered address in all
other countries at the exchange rate «Buying TT» of US Dollar 1:
Hong Kong Dollar 7.7240 as published by Hong Kong Association of
Banks on 29 September 2016.
As mentioned in the Company’s announcement dated 19 September
2016, the register of shareholders of the Company will be closed on
3 October 2016 for the whole day during which no transfer of shares
of the Company can be registered. In order to qualify for the
Interim Dividend, all completed transfer forms, accompanied by the
relevant share certificates must be lodged with, in respect of
shares registered on the register of shareholders in Jersey,
Computershare Investor Services (Jersey) Limited, Queensway House,
Hilgrove Street, St Helier, Jersey JE1 1ES, not later than 4:30pm
(Jersey time) on 30 September 2016, and in respect of shares
registered on the overseas branch register in Hong Kong,
Computershare Hong Kong Investor Services Limited, Shop 1712 -
1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai,
Hong Kong, not later than 4:30pm (Hong Kong time) on 30 September
2016.
Investors holding their shares through intermediaries are
advised to consult their brokers or similar institutions through
which the shares are held as to the latest date and time applicable
to them to ensure they are properly registered to qualify for the
Interim Dividend.
As the Company is a corporate tax resident of Cyprus, under the
laws of Cyprus, certain non-corporate shareholders who are tax
residents of Cyprus will be subject to a 17% special contribution
towards the national defense of Cyprus (the “Special
Contribution”) in respect of dividends to be paid by the
Company.
The Company will be required to withhold an amount equal to the
Special Contribution from the Interim Dividend to be paid to the
non-corporate shareholders directly registered on the registers of
shareholders of the Company on 3 October 2016, as mentioned above
(the “Concerned Shareholder(s)”) unless the completed
declaration for exemption, circulated by the Company for the
purpose of, among other things, confirming whether such Concerned
Shareholder is a tax resident of Cyprus and subject to the Special
Contribution, is returned to the Company and the procedure for
confirming that the relevant Concerned Shareholder is not a tax
resident of Cyprus is completed before the Payment Date.
Any Cyprus tax-resident shareholder shall remain solely liable
for paying the Special Contribution on the Interim Dividend
received, unless the Special Contribution is withheld from the
Interim Dividend upon payment.
Further announcement(s) will be issued by the Company in
relation to the payment of the Interim Dividend, if required.
By Order of the board of directors ofUnited
Company RUSAL PlcAby Wong Po YingCompany Secretary
30 September 2016
As at the date of this announcement, the executive Directors are
Mr. Oleg Deripaska, Mr. Vladislav Soloviev and Mr. Siegfried Wolf,
the non-executive Directors are Mr. Maxim Sokov, Mr. Dmitry
Afanasiev, Mr. Len Blavatnik, Mr. Ivan Glasenberg, Mr. Maksim
Goldman, Ms. Gulzhan Moldazhanova, Mr. Daniel Lesin Wolfe, Ms. Olga
Mashkovskaya, and Ms. Ekaterina Nikitina, and the independent
non-executive Directors are Mr. Matthias Warnig (Chairman), Mr.
Philip Lader, Dr. Elsie Leung Oi-sie, Mr. Mark Garber, Mr. Dmitry
Vasiliev and Mr. Bernard Zonneveld.
All announcements and press releases published by the Company
are available on its website under the links
http://www.rusal.ru/en/investors/info.aspx,
http://rusal.ru/investors/info/moex/ and
http://www.rusal.ru/en/press-center/press-releases.aspx,
respectively.
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United Company RUSAL Plc