14th Dec 2012 10:15
OJSC MAGNIT - Correction : Dividend PaymentOJSC MAGNIT - Correction : Dividend Payment
PR Newswire
London, December 14
Amount of dividend accrued on one share following the results of 6months of 2012 financial year: 21.15 rubles
Press-releaseKrasnodarDecember 13, 2012OJSC "Magnit"(the "Company"; MICEX and LSE: MGNT):dividend paymentupdate
Please be informed that the Company has made dividend payment on its sharesfollowing the results of 6 months of 2012 financial year.
Type of securities: ordinary registered shares State registration number of the issue: 1-01-60525-P as of 04.03.2004Total amount of dividends accrued on shares 1,999, 972,658.25 rubles following the results of 6 months of 2012 financial
year: Amount of dividend accrued on one share following 21.15rubles the results of 6 months of 2012 financial year: Form of yield payment: monetary funds in the currency of the Russian Federation, non-cash payment Payment due date: November13, 2012The Company has effected payment of dividends in the amount of 1,999,970,099.10rubles.
The outstanding dividend amount is 2,559.15 rubles which represents 0.000128%of the total amount of the announced dividends. Nonpayment is due to theshareholders' failure to submit the information required for the payment.
For further information, please contact:
Oleg Goncharov Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 Company description:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of September 30, 2012 the chainconsisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family"stores and 480 cosmetics stores (drogerie) in 1,504 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of September 30, 2012 Magnit operated an in-house logistics systemconsisting of 17 distribution centers, employing automated stock replenishmentsystems and a fleet of 4,082 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H2012, the Magnit recorded consolidated revenues of approximately $6.7 billionUSD and a consolidated EBITDA of $671 million USD.
2Related Shares:
MGNT.L