The Supervisory Board of ALROSA, the world leader in diamond mining, on August 6 will consider the issue of approving the Regulations on Financial and Dividend Policy in new editions, as well as preliminary recommendations to the General Meeting of Shareholders on payment of dividends based on ALROSA's results for 6 months of 2018.
The financial statements for the first half of 2018 (IFRS) will be published on August 24, 2018.
Earlier, in June 2018, the Supervisory Board agreed on the main parameters of these policies proposed by the Company's management and instructed the General Director-Chairman of the Board of ALROSA to submit drafts of the previously mentioned documents to the Supervisory Board for consideration until the end of the third quarter (press release).
Approval by the Supervisory Board of the new version of the Regulation on Dividend Policy will create an opportunity to consider the issue of preliminary recommendations on payment of dividends based on the performance of the Company for the first 6 months of 2018, taking into account a new basis for their calculation - free cash flow, defined on the basis of IFRS statements as cash flow from operating activities, net of investment costs (capital investments) in the main production.
ALROSA's financial results under IFRS for the second quarter and 6 months of 2018 will be published on August 24, 2018, a conference call on the publication results is scheduled for August 28, 2018.