22nd Aug 2011 13:16
Press-release
Krasnodar
August 22, 2011
OJSC "Magnit": dividend payment update
Dear Ladies and Gentlemen!
We are pleased to inform you that the Company has made dividend payment on its shares following the results of 2010 and the 1st quarter of 2011 financial year.
The decision on dividend payment was adopted at the general shareholders' meeting held on June 23, 2011 (the minutes were executed as of June 23, 2011)
Type of securities: | ordinary registered uncertified shares |
State registration number of the issue: | 1-01-60525-P as of 04.03.2004 |
Registration authority: | Regional branch of FCSM of the Russian Federation in the Southern federal district. |
Total amount of dividends accrued on shares following the results of 2010: | 584,566,229.61 rubles |
Amount of dividend accrued on one share following the results of 2010: | 6.57 rubles |
Total amount of dividends accrued on shares following the results of the 1st quarter of 2011: | 415,513,590.91 rubles |
Amount of dividend accrued on one share following the results of the 1st quarter of 2011: | 4.67 rubles |
Payment due date: | August 22, 2011 |
The Company has effected payment of 997,638,368.88 rubles of dividends on its shares, out of which 256 rubles were returned to the account of the Company due to the incorrect bank details provided by shareholders.
The outstanding dividend amount is 2,441,451.64 rubles which represents 0.24% of the total amount of dividends stated. Nonpayment is due to the shareholders' failure to submit the information required for the payment.
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 June 30, 2011 the chain consisted of 4,366 convenience stores, 66 hypermarkets and 28 cosmetics stores (drogerie) in 1,286 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 June 30, 2011 the Company operated an in-house logistics system consisting of 12 distribution centers, employing automated stock replenishment systems and a fleet of 3,454 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