24th May 2013 16:03
OJSC MAGNIT - Decision to Pay DividendsOJSC MAGNIT - Decision to Pay Dividends
PR Newswire
London, May 24
OJSC "Magnit" Announces the Decision to Pay Dividends
Krasnodar, May 24, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), announces the decision to pay dividends for FY2012 made by the AGM.
The annual general shareholders meeting, held on May 24, 2013, made thedecision to pay dividends on OJSC "Magnit" shares in the total amount of5,202,765,752.10 rubles which is 55.02 rubles per share following the resultsof 2012 financial year.
Type of securities: ordinary registered sharesState registration number of the securities 1-01-60525-P of 04.03.2004issue, date of registration:
Governance body of the Issuer which made the General Shareholders Meetingdecision to pay dividends:
Date of the decision to pay dividends: May 24, 2013Date and the number of the minutes of Minutes w/o No. of 24.05.2013meeting where the decision to pay dividends
was made: Reporting period which the dividend is paid 2012 financial yearfor: The total amount of dividends accrued on: 5,202, 765,752.10 rubles The amount of dividend accrued on one share 55.02 rublesfollowing the results of 2011 financial year: Form of payment: monetary fundsin the currency of the Russian Federation in non-cash form Expiration date of the fulfillment of July 23, 2013obligation on dividend payment:For further information, please contact:
Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, 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) 277-45-62Company description:
Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, thecompany is headquartered in the southern Russian city of Krasnodar. As of March31, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,209convenience, 153 hypermarkets, and 713 cosmetics) in more than 1,600 cities andtowns throughout 7 federal regions of the Russian Federation.
In accordance with its audited IFRS consolidated financial statements foryear-end 2012, Magnit had revenues of $14.43 billion USD and an EBITDA of $1.52billion USD. Magnit's local shares are traded on the Moscow Stock Exchange(MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it hasa credit rating from Standard & Poor's of BB. Measured by marketcapitalization, Magnit is now Europe's 2nd largest retailer.
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