ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the results of a Board of Directors meeting held on 17 July 2020 in Moscow.
Dividends
The Board of Directors recommended that the Company pay a final dividend for FY 2019 in the amount of RUB 12 per share / GDR in line with the Company’s dividend policy. Subject to approval by the Annual General Meeting of Shareholders, the final dividend will be paid out before the end of 2020. The exact payment date, as well as the dividend record date, will be determined when the details of the Annual General Meeting of Shareholders are announced.
Other decisions
To further improve Etalon Group’s investor relations and disclosure practices, the Board of Directors took the decision to transform the Group’s Information Disclosure Committee into the Investor Relations and Information Disclosure Committee.
The key objective of this new Committee is to develop a unified investor relations and information disclosure strategy, facilitate an effective dialogue between the investment community and the Board of Directors and further strengthen the investment appeal of Etalon Group securities.
Etalon Group Director for Corporate Investments Petr Kryuchkov will retain his position as Chairman of the transformed Committee. The other member of the Investor Relations and Information Disclosure Committee will be Independent Non-Executive Director Dennis Vinokourov.
The Board has approved a new version of the Policy on Remuneration and Compensation Payable to Members of the Board of Directors. In line with best corporate governance practices, the updated Regulation states that only independent non-executive directors will receive remuneration for their work as members of the Board of Directors and its committees. Executive directors who are employees of Etalon Group, as well as representatives of Sistema, will not receive remuneration for their work on the Board of Directors and its committees.
Sergey Egorov, Chairman of the Etalon Group Board of Directors, said:
“Etalon Group’s business and financial positions remain solid despite the challenging economic environment, and the Board of Directors is pleased to recommend a dividend of RUB 12 per share, in line with the Company’s dividend policy updated in early 2020. Today’s decision to recommend a dividend payment highlights Etalon Group’s ability to fulfil its promises to investors even under challenging macro-economic circumstances.
“In addition to paying dividends at the level that investors expect from Etalon Group, the Board of Directors considers further improvements to the quality of investor communications a priority. To that end, we have created an Investor Relations and Information Disclosure Committee. The broader mandate and strengthened composition of this Committee will help Etalon Group develop a robust and coordinated approach to its external communications activities.
“Finally, we have adopted a new policy on remuneration and compensation payable to members of the Board of Directors. From now on, only independent non-executive members of the Board of Directors will receive remuneration for their service. This change in our Board remuneration policy is in line with our cost reduction approach and best corporate governance principles.”
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.