29th Sep 2015 14:20
PJSC MAGNIT - Decision to Pay DividendsPJSC MAGNIT - Decision to Pay Dividends
PR Newswire
London, September 29
Press-release
Krasnodar
September 29, 2015
PJSC “Magnit” Announces the Decision to Pay Dividends
Krasnodar, September 29, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces the decision to pay dividends for the first half of 2015 reporting year made by the EGM.
The extraordinary general shareholders meeting, held on September 24, 2015, made the decision to pay dividends on PJSC “Magnit” shares in the total amount of 8,359,223,782 rubles which is 88.40 rubles per share following the first half 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: | September 24, 2015 |
| Date and the number of the minutes of meeting where the decision to pay dividends was made: | Minutes w/o No. of 29.09.2015 |
| Reporting period which the dividend is paid for: | first half of 2015 reporting year |
| Total amount of dividends: | 8,359,223,782 rubles |
| The amount of dividend accrued on one share following the first half of 2015 reporting year results: | 88.40 rubles |
| Form of payment: | monetary funds in the currency of the Russian Federation by bank transfer |
| Record date: | October 9, 2015 |
| Dividend payment date for nominees: | October 23, 2015 |
| Dividend payment date for the other shareholders: | November 16, 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: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 | |
| Media Inquiries | PR and GR 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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 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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