Board of Directors of SmartTechGroup approved the updated terms of placement of 745 million additional shares by private subscription in favor of Promsvyazbank. Earlier, the Bank of Russia suspended the issue of SmartTechGroup shares. Company explained at the time that the issue was suspended to make minor adjustments to some wording of the text of the terms...

Suspension of the additional issue of SmartTech Group is of technical nature and is connected with the recommendation of the Bank of Russia to make minor adjustments in some wording of the text of the DCMS, the representative of the company commented on the decision of the regulator. “Conditionally speaking, we are talking about rearrangement of letters in p...

Bank of Russia has decided to suspend the issue of ordinary shares of Smarttechgroup by closed subscription in favor of Promsvyazbank. Reasons for the suspension were not specified by the regulator.

SmartTechGroup's Board of Directors approved an updated dividend policy. Company will annually allocate at least 50% of IFRS net profit for dividends, which is one of the conditions of the strategic partnership with Promsvyazbank. Current dividend policy provides for dividends in the amount of 25% to 50% of RAS profit, but the company has never paid them.