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Dividends for Q1 will be reduced by 3% YATEK - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Dividends for the I quarter will decrease by 3% YATEK

At an extraordinary meeting on 22 April, shareholders of OAO Yakutsk Fuel and Energy Company (YATEK) decided to pay dividends for the first quarter of 2016 in the amount of 0,397 rubles per one ordinary share

This was said in a statement.

For the first quarter of 2015, the company paid 0,4086 rubles per one ordinary share, sending 337,9 million rubles for payments.
Thus, dividends will decrease by 2,8%, the total amount of payments will be 328,3 million rubles.

The authorized capital of YATEK is 826 million 919 thousand 375 rubles, it consists of ordinary shares with a nominal value of 1 ruble each.

OAO Yakutsk Fuel and Energy Company (up to 2010 of the year, Yakutgazprom) is the main gas producing company in Yakutia and the only supplier of gas for the entire region. YATEK owns licenses for industrial development of the Srednevilyuisky and Mastakhsky gas-condensate fields, geological exploration, exploration and production in the Mirny and Tolonsky hydrocarbon areas, as well as geological exploration within the Tymtaydsky subsoil section in Yakutia.

The main shareholder of YATEK is the head of GK Suma Ziyavudin Magomedov (through OOO Investor he owns 82,06% of shares).