24th Jun 2019 16:29
JSC Halyk Bank (hsbk) JSC Halyk Bank: On amendments to the Bank's dividend policy 24-Jun-2019 / 17:28 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
On amendments to the Bank's dividend policy 24 June 2019 JSC Halyk Bank (the Bank) informs that on 24 June 2019 the Board of Directors approved the Bank's revised dividend policy. Taking note of the Bank's medium-term financial targets recently announced at the Capital Markets Day in London, the Bank's dividend policy has been amended to pay out at least 50% and up to 100% of the Group's consolidated net income for the reporting year subject to compliance with the covenants and other terms and conditions under all outstanding obligations of the Bank. The Board of Directors of the Bank may propose to the General Shareholders' Meeting not to allocate a part of the total net income for the reporting year for dividend payments or to reduce the amount allocated for dividend payments less than 50% of the total net income for the reporting year subject to economic conditions and business prospects of the Bank. Amended dividend policy of the Bank can be found on link: https://halykbank.kz/korporativnoe_upravlenie
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| ISIN: | US46627J3023 |
| Category Code: | MSCM |
| TIDM: | hsbk |
| Sequence No.: | 11153 |
| EQS News ID: | 829907 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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