8th Jun 2015 08:05
PJSC MAGNIT - Decision to Pay DividendsPJSC MAGNIT - Decision to Pay Dividends
PR Newswire
London, June 8
Press-release
Krasnodar
June 8, 2015
PJSC “Magnit” Announces the Decision to Pay Dividends
Krasnodar, June 8, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces the decision to pay dividends for FY 2014 made by the AGM.
The annual general shareholders meeting, held on June 4, 2015, made the decision to pay dividends on PJSC “Magnit” shares in the total amount of 12,535,998,832.35 rubles which is 132.57 rubles per share following the results of 2014 financial year.
| Type of securities: | ordinary registered shares |
| State registration number of the securities issue, date of registration: | 1-01-60525-P of March 4, 2004 |
| Governance body of the Issuer which made the decision to pay dividends: | General Shareholders Meeting |
| Date of the decision to pay dividends: | June 4, 2015 |
| Date and the number of the minutes of meeting where the decision to pay dividends was made: | Minutes w/o No. of 05.06.2015 |
| Reporting period which the dividend is paid for: | 2014financial year |
| Total amount of dividends: | 12,535,998,832.35 rubles |
| The amount of dividend accrued on one share following the results of 2013 financial year: | 132.57rubles |
| Form of payment: | monetary funds in the currency of the Russian Federation by bank transfer |
| Dividend payment date for nominees: | July 3, 2015 |
| Dividend payment date for the other shareholders: | July 24, 2015 |
| Record date: | June 19, 2015 |
For further information, please contact:
| Timothy Post | Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of March 31, 2015, Magnit operated 28 distribution centers and over 10,000 stores (8,581 convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately 2,180 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2014, Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
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