24th Dec 2015 13:35
PJSC MAGNIT - Decision to Pay DividendsPJSC MAGNIT - Decision to Pay Dividends
PR Newswire
London, December 24
Press-release
Krasnodar
December 24, 2015
PJSC “Magnit” Announces the Decision to Pay Dividends
Krasnodar, December 24, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces the decision to pay dividends for the nine months of 2015 reporting year made by the EGM.
The extraordinary general shareholders meeting, held on December 22, 2015, made the decision to pay dividends on PJSC “Magnit” shares in the total amount of 16,999,294,788.35 rubles which is 179.77 rubles per share following the nine months of 2015 reporting year results.
| 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: | December 22, 2015 |
| Date and the number of the minutes of meeting where the decision to pay dividends was made: | Minutes w/o No. of 24.12.2015 |
| Reporting period which the dividend is paid for: | 9 months of 2015 reporting year |
| Total amount of dividends accrued on shares of the issuer following the 9 months of 2015 reporting year results: | 16,999,294,788.35 rubles |
| The amount of dividend accrued on one share following the 9 months of 2015 reporting year results: | 179.77 rubles |
| Form of payment: | monetary funds in the currency of the Russian Federation by bank transfer |
| Record date: | January 8, 2016 |
| Dividend payment date for nominees: | January 22, 2016 |
| Dividend payment date for the other shareholders: | February 12, 2016 |
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department [email protected] |
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 September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in 2,297 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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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