OREANDA-NEWS  Rusal's Board of Directors recommended that shareholders not pay dividends by the end of 2024, and the annual general meeting of shareholders is scheduled for June 26, according to the company's announcement on the Hong Kong Stock Exchange.

"At the meeting of the Board of Directors held on May 15, 2025, the Board of Directors decided to recommend to the annual general meeting of shareholders, which will be held on June 26, 2025 (with the date of fixing the register of shareholders on June 3, 2025 to determine the right of persons to participate in the annual general meeting of shareholders), not to distribute the company's profits based on the results of 2024, not to declare or pay dividends based on the results of 2024 to the company," the message says.

The last time Rusal paid dividends based on the results of the first half of 2022 in the amount of $ 0.02 per share.
According to Rusal's dividend policy, the Board of Directors proceeds from the following approach when making recommendations on dividends: the amount of dividends to be paid is 15% of adjusted EBITDA, subject to compliance with the requirements of the group's loan agreements and other restrictions, as well as the company's financial liquidity.

In April, Rusal announced that an extraordinary meeting of the company's shareholders would be held on June 2 in person and in absentia to provide documents related to dividends, starting in 2015, to one of the shareholders, Sual.
The united Rusal Company is one of the leaders of the global aluminum industry and the largest aluminum producer outside of China. The main shareholders are En+ Group (56.88% of shares) and Sual (25.52% of shares), 17.6% of shares are in free circulation. The founders of the company are Oleg Deripaska, Viktor Vekselberg and Swiss Glencore. Net profit under IFRS increased 2.8 times to $803 million by the end of 2024.