Promomend has expanded its dividend payment options

Promomend's Board of Directors has approved a new dividend policy, which excludes the requirement that positive FCF be a prerequisite for dividend payments. Procedure for determining the amount of dividends remains the same: if the ratio of Net Debt to Adjusted EBITDA LTM is ≤ 1, the payment will be at least 50% of adjusted earnings, from 1 to 2 — at least 25%, from 2 to 2.5 — at least 15%. If the ratio exceeds 2.5x, the Board of Directors may decide not to pay dividends.