Udmurtneft might pay dividends for H1 2015 at 59.19 roubles/share

​The Board of Directors of Udmurtneft OJSC – a JV of Rosneft and Sinopec – has recommended the shareholders to pay interim dividends on the results of H1 2015 at the amount of 59.19 roubles/general share.

The dividends will be paid from the undistributed profit of past years.

The Board of Directors will meet on September 30th to consider the issue of dividend payment.

In H1 2014 Udmurtneft paid interim dividends at 2.962 thousand roubles/share out of the profit for that period as well as 49.8 roubles/share out of the undistributed profit of past years.

Udmurtneft holds 60 licenses for the right to use subsoil at the license sites located in Udmurtia. Rosneft and Sinopec hold Udmurtneft via Promleasing in which Rosneft owns a controlling package.