"A transparent and understandable dividend policy

[tanjimajuha20]

The Board of Directors of PJSC Positive Group (the parent organization of the Positive Technologies group, which develops solutions in the field of information security) approved a new version of the company's dividend policy, according to its statement.

is one of the factors of investment attractiveness of Positive Technologies shares," said Positive Technologies Investor Relations Director Yuri Marinichev, whose words bahrain whatsapp resource are quoted in the statement. "We are convinced that a successful company should pay dividends, allowing investors to increase their capital as a result of sustainable capitalization growth and regular dividend payments."

The report notes that the document takes into account current legislation and consolidates the principles of determining the amount of dividends paid to shareholders that are already used in the company. The amounts of dividends will be determined from the net income according to management reporting - NIC (net income before capitalization of expenses). The dividends themselves are planned to be paid at least once a year.

This year, the company paid dividends twice based on the results of the previous year - in the amount of 50% and 25% NIC for 2022. In total, shareholders were paid 3.75 billion rubles.

As reported, the revenue of the Positive Group under IFRS for 2022 amounted to 13.8 billion rubles, the volume of sales ("shipments" - transfer of the right to use a licensed product to a client or concluded contracts for cybersecurity services) - 14.5 billion rubles, NIC - 5 billion rubles.

The company's revenue (according to the interim condensed consolidated financial statements) for the first 6 months of the current year amounted to 4.6 billion rubles (3.5 billion for the same period last year). According to the results of the first half of the year, the company received a loss of 386 million rubles (profit for 6 months of 2022 amounted to 377 million rubles). Net loss (under IFRS) for the first half of the current year, according to the company's materials, amounted to 400 million rubles against 400 million rubles in net profit a year earlier.

Net loss (NIC) for the first half of the current year amounted to 1.8 billion rubles, research and development expenses increased by 71% to 2.1 billion rubles. The EBITDAC indicator (profit excluding capitalization of expenses and before interest on loans and borrowings, taxes and depreciation) also showed a negative value - 1.7 billion rubles.

"Considering the seasonality factor inherent to our business, as a result of which the bulk of revenue comes in at the end of the third and fourth quarters, in the second half of the year we expect growth in indicators and the fulfillment of our stated goals to double the business by the end of the year," said Positive Technologies COO Andrey Kuzin in July.

Currently, the shares of "Positive Group" are traded on the Moscow Exchange - the company received a listing in December 2021. At the time of listing and the start of trading in shares, the free float amounted to 10.89% of the total volume of ordinary shares (66 million shares). They were issued to current and former employees of the group of companies, as well as its partners from existing shareholders as part of the donation program.

In September, the company conducted an SPO, during which it was able to place 932.6 thousand shares, or 1.41% of the capital.

Currently, 67.31% of the company's shares are owned by major shareholders, 17.2% by minority shareholders, and 15.49% by top management.

The main operating company of the group is JSC Positive Technologies. It is 100% owned by PJSC Positive Group. The main shareholders of Positive Group are Evgeny Kireev (owns 7.94% of ordinary shares), Dmitry Maksimov (7.92%) and Yuri Maksimov (51.88%).