24th Jun 2011 07:02
Press-release
Krasnodar
June 24, 2011
OJSC "Magnit" announces the decision on dividend payment adopted at AGM.
Krasnodar, June 24, 2011: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) announces the decision on dividend payment adopted at the annual general shareholders' meeting.
Annual general shareholders meeting, held on June 23, 2011, made decision to pay dividends on OJSC "Magnit" shares in the total amount of 584,566,229.61 rubles which is 6.57 rubles per share following the results of 2010 financial year, and 415,513,590.91 rubles which is 4.67 rubles per share following the results of the 1st quarter of 2011.
Type of securities: | ordinary registered uncertified shares |
State registration number of the securities issue, date of registration: | 1-01-60525-P of 04.03.2004 |
Registration authority: | Regional office of FCSM in the Southern federal district |
The total amount of dividends accrued on shares following the results of 2010 financial year: | 584,566,229.61 rubles |
The amount of dividend accrued on one share following the results of 2010 financial year: | 6.57 rubles |
The total amount of dividends accrued on shares following the results of the 1st quarter of 2011 financial year: | 415,513,590.91 rubles |
The amount of dividend accrued on one share following the results of the 1st quarter of 2011 financial year: | 4.67 rubles |
Form of payment: | Monetary funds |
Expiration date of the fulfillment of obligation on dividend payment: | August 22, 2011 |
The total amount of dividends paid on issuer's shares following the results of 2010 financial year and of the 1st quarter of 2011. | 0 rubles |
The minutes are executed as of June 23, 2011.
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" 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, 2011 the chain consisted of 4,128 convenience stores, 57 hypermarkets and 4 cosmetics stores (drogerie) in 1,239 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, 2011 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,997 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2010, the Company recorded consolidated revenue of approximately US$7,777 million and consolidated EBITDA of around US$632 million.
Related Shares:
MGNT.L