The Board of Directors of PJSC Aeroflot (Moscow Exchange ticker: AFLT) announces the results of a meeting of the Board of Directors held on 26 May 2022.

The Board of Directors decided to hold Annual General Meeting of Shareholders of PJSC “Aeroflot” on 30 June 2022 as absentee voting. The record day for shareholders eligible to participate in the AGM is 6 June 2022. 

The Board of Directors took in consideration “On implementation of Aeroflot Group Development Strategy” report and instructed to update Aeroflot Group Development Strategy before 30 September 2022. The updated document will be prepared taking into account the key points of the Complex Programme of Aviation Sector Development for the period up to 2030.

Among other issues, the Board of Directors reviewed the following items of the agenda of the meeting:

Revision of Aeroflot Group’s IFRS consolidated budget for 2022. It was decided to approve Aeroflot Group’s operational performance plan for 2022 as well as Aeroflot Group’s IFRS consolidated budget for 2022.

Distribution of net profit/loss of PJSC “Aeroflot” for the 2021 financial year. The Board of Directors recommended to the Annual General Meeting of Shareholders not to publish and not to pay dividends on PJSC Aeroflot shares for the financial year 2021 due to loss posted according to IFRS and RAS standards.
Besides, the issue of change in the Management Board of PJSC “Aeroflot” has been considered.