IMCOMPANY (IMC): Update of the IMC S.A. strategy for 2016-2020
(raport nr 4/2018)
UNI - EN REPORT No4/2018
The Board of Directors of IMC S.A. (hereinafter "the Company") hereby announces the updating of the Company's strategy for 2016 ? 2020.
Before the introduction of the agricultural land market in Ukraine, the Company does not plan to expand the land bank in large scale, as it was planned earlier in the strategy 2016-2020, published on 15 February 2016 (see current report 3/2016 as of 15 February 2016).
Other strategic goals published on 15 February 2016 concerning storage capacities and crop mix are unchanged.
Taking into account a strong focus on business efficiency, the Company has defined additional strategic goal till 2020 - achievement of a leading position among agricultural companies in Europe in introduction of innovations.
Profit received in 2017-2020, the Company plans to invest mainly in projects on operational efficiency improvement, debt reduction and payment of dividends to its shareholders.
With regard to dividend payment in 2018 the Company plans to revise the dividend payout ratio upwards. Announcement of dividend payment is planned for August 2018, and the payment of dividends is planned for September 2018.