29th May 2012 07:00
Press-release
Krasnodar
May 29, 2012
OJSC "Magnit" announces the decision on dividend payment adopted at AGM.
Krasnodar, May 29, 2012: OJSC «Magnit» (the "Company"; MICEX and LSE: MGNT) announces the decision on dividend payment adopted at the annual general shareholders' meeting (Minutes № w/n of 28.05.2012).
At the annual general shareholders meeting, held on May 28, 2012, was made a decision to pay dividends on OJSC "Magnit" shares in the total amount of 1,726,690,342.30 rubles which is 18.26 rubles per share following the results of 2011 financial year, and 489,827,818.90 rubles which is 5.18 rubles per share following the results of the 1st quarter of 2012.
Type of securities: | ordinary registered shares |
State registration number of the securities issue, date of registration: | 1-01-60525-P of 04.03.2004 |
The total amount of dividends accrued on shares following the results of 2011 financial year: | 1,726,690,342.30 rubles |
The amount of dividend accrued on one share following the results of 2011 financial year: | 18.26 rubles |
The total amount of dividends accrued on shares following the results of the 1st quarter of 2012 financial year: | 489,827,818.90 rubles |
The amount of dividend accrued on one share following the results of the 1st quarter of 2012 financial year: | 5.18 rubles |
Form of payment: | monetary funds in Russian currency in non-cash form |
Expiration date of the fulfillment of obligation on dividend payment: | July 27, 2012 |
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:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" (LSE and MICEX: MGNT, S&P: "BB-") is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of March 31, 2012 the chain consisted of 5,104 convenience stores, 91 hypermarkets, 5 "Magnit Family" stores and 266 cosmetics stores (drogerie) in 1,424 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of March 31, 2012 the Company operated an in-house logistics system consisting of 15 distribution centers, employing automated stock replenishment systems and a fleet of 3,922 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 939 million.
Related Shares:
MGNT.L