The head of the Board of Directors of Gazprom sold its stake in the company

Chairman of the Board of Directors of “Gazprom” Viktor Zubkov has sold all belonging to him the shares of the company. This should be the message of “Gazprom”, published by the Center for disclosing corporate information.

Until April 19 Zubkov belonged to 0,00043868% of shares of “Gazprom”, now its share has dropped to 0%. The package of the former Prime Minister of Russia consisted of 103,85 thousand shares. Based on the cost of papers “Gazprom” at the close of trading on April 19, package Zubkov is estimated at 16.2 million RUB.

On the day when the transaction took place, Prime Minister Dmitry Medvedev signed a governmental decree, which prescribes that state-owned companies to pay dividends at the end of last year, at least 50% of the profits. To pay this amount will be the reporting standard (IFRS or of RBSU), through which net profit will be more. On the background of this news shares of “Gazprom” on the exchange jumped 6.6%.

Net profit of “Gazprom” in 2015, according to IFRS has increased five times compared to the 2014 year and amounted to 787,1 billion rubles. This means that the company can increase dividends in 2015, more than doubling from 175 billion rubles, which recommended the pay Board, to 393,5 billion rubles.

In mid-April of 2016 in charge of financial matters by the Deputy head of the Board “Gazprom” Andrey Kruglov has acquired approximately 98 thousand shares of “Gazprom” doubled its stake in the company. The market value of the package on the day the acquisition was approximately 14.6 million rubles. Subsequently, the shares of the company rose, as a result acquired Kruglov package rose by almost 1 million rubles.