Adhoc report - Executive Board’s proposal regarding dividend distribution for the financial year 2022
Adhoc report in compliance with Law no. 24/2017 on issuers of financial instruments and market operations (republished) and Financial Supervisory Authority Regulation no. 5/2018 on issuers of financial instruments and market operations
Date of report: 16 March 2023
Name of issuer: OMV Petrom S.A. (“OMV Petrom”)
Headquarters: Bucharest, 22 Coralilor Street, District 1, („Petrom City”)
Telephone/fax number: +40 372 161930/ +40 372 868518
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute: RO
Trade Register Number: J 40/8302/1997
Share capital: RON 6,231,166,705.80
Regulated market on which the issued shares are traded: Bucharest Stock Exchange and London Stock Exchange
Significant event to be reported: Executive Board’s proposal regarding dividend distribution for the financial year 2022
The Executive Board’s proposal for distribution of dividends for the financial year 2022, the same as the one announced on February 2, 2023, namely a gross dividend of RON 0.0375/share, was approved by the Supervisory Board on March 16, 2023 and will be submitted for approval to the Ordinary General Meeting of Shareholders convened on April 26/27, 2023.
This dividend implies a 10% year on year increase, at the top end of the 5-10% range stated in the dividend guidance.
The proposed Record Date, which serves to the identification of the shareholders who are to benefit from dividends is May 15, 2023, the proposed "Ex-Date" is May 12, 2023, while the proposed Payment Date is June 7, 2023.
More details regarding the proposed payment conditions and methods are included in the documents and informing materials related to this item on the agenda of the Ordinary General Meeting of Shareholders.
The Executive Board of OMV Petrom S.A. maintains its intention to propose the distribution of a special dividend in 2023, with the exact amount to be announced in mid-2023. The potential distribution of special dividends will be subject to a future Ordinary General Meeting of Shareholders.
Chief Executive Officer
President of the Executive Board
Chief Financial Officer
Member of the Executive Board