15.10.14The Board of Directors of Rollman Group PLC decided to increase the frequency of dividends payment on preferred shares up to four times a year (quarterly)
There was held the meeting on September 5, 2014and the Board of Directors of t of Rollman Group PLC decided to increase the frequency of dividends payments on preferred shares up to four times a year (quarterly) beginning from 2015
The first item on the agenda: "Increasing the frequency of dividends payment on preferred shares from the current two times a year (one every six months) up to four times a year (quarterly) beginning from 2015"
Krivosheina O. - "FOR"
Vorobyev A. - "FOR"
Orachev A. - "FOR"
Mokhov S. - "FOR"
Fomin A.- "FOR"
- "FOR" - 5 votes
- "AGAINST" - 0 votes
- "ABSTAIN" - 0 votes
There is a quorum.
Due to the decision that the Board of Directors has adopted at the meeting the dividend policy of the company was changed. There was prepared a new provision on dividend policy of Rollman Group PLC.
1 GENERAL PROVISIONS
2 THE PROCEDURE OF DIVIDENDS DISTRIBUTION
3 PROCEDURE OF DECISION MAKING ABOUT DIVIDENDS PAYMENTS
4 PROCEDURE OF DIVIDENDS PAYMENT
5 RESPONSIBILITY FOR PAYMENT OF DIVIDENDS
6 ORDER OF INFORMATION DISCLOSURE
7 FINAL PROVISIONS
Increasing in twice of the frequency of dividend payments is positive for shareholders. This step will increase the interest for the shares, increase the profitability at reinvestment of dividends, also it will reduce the so-called dividend gap and reduce paper volatility.