Today, Thursday, June 30, Gazprom shares on the Moscow Exchange fell by more than 30% – against the background of the decision of the board not to pay dividends for 2021.
According to Forbes Russiareferring to the data of today’s trading, at a minimum, the shares traded at 207.69 rubles, which is 30.2% lower than the closing price of the last trading session.
At about 11:30 Moscow Exchange stopped trading in Gazprom securities at around 226.68 rubles (minus 23.84% compared to the last close), RBC reports. Quotes collapsed after the annual meeting of shareholders of the Russian gas monopoly, where they decided not to pay dividends for the past year. Famil Sadygov, Deputy Chairman of the Board of Gazprom, announced:
“Shareholders have decided that in the current situation it is inappropriate to pay dividends for 2021.”
Due to the collapse of Gazprom, the Moscow Exchange index sank by more than 5%.