Adhoc report - Executive Board’s proposal regarding special dividends distribution

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: 27July 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: 6,231,166,705.80 RON
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 special dividends distribution  

In accordance with the legal and statutory provisions, it is under the Executive Board’s duty to make recommendations to the shareholders regarding the distribution of profits.

As announced in our Strategy 2030, the Dividend Guidance of the company states the possibility of special dividends to be distributed, provided that the company’s investment plans are funded.

Given the company’s financial strength in terms of net cash position and expected profitability, the Executive Board proposes the distribution of a special dividend in gross value of RON 0.0450 per share which leads to a total value of special dividends of RON 2,804 mn. This would be the second special dividend to be distributed by OMV Petrom.

The above-mentioned special dividend proposal will lead to a total dividend/share distributed this year of RON 0.0825 (including the RON 0.0375 base dividend approved by the ordinary meeting of shareholders on April 26, 2023) and translates into a total dividend yield of 19.6%¹.

This special dividend proposal will be submitted for approval of the Supervisory Board and subsequently to the Ordinary General Meeting of Shareholders.

Details regarding the proposed Record Date, which serves to the identification of the shareholders who are to benefit from dividends, the proposed Ex-Date and Payment Date will be announced via the convening notice of the Ordinary General Meeting of Shareholders for the approval of special dividends, which is estimated to be disclosed beginning of August 2023, the latest.

Christina Verchere
Chief Executive Officer
President of the Executive Board                                                               

Alina Popa
Chief Financial Officer
Member of the Executive Board