Kernel approves USD 0.25 in DPS for FY2019

Ukraine’s largest sunflower oil producer Kernel (KER
PW, KERPW) reported on Dec. 12 that its Dec. 10 AGM approved a dividend payment
of USD 0.25 per share. In this way, the company will distribute USD 20.5 mln
(or 10.8% of the company’s FY2019 profit) in dividends. The record date and
payment date of the dividends are subject to approval of the company’s board of
directors.

Andriy Perederey: The annual 0.25 per share dividend has been a tradition for Kernel
since 2014. In this way, the company remains a stable dividend distributor in
the Ukrainian equity universe.