24th Aug 2010 07:00
Press-release
Krasnodar
August 24, 2010
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 2009 financial year.
The decision on dividend payment was adopted at the general shareholders' meeting held on June 24, 2010 (the minutes were executed as of June 28, 2010)
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Type of securities: |
ordinary registered uncertified shares |
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State registration number of the issue: |
1-01-60525-P as of 04.03.2004 |
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Registration authority: |
Regional branch of FCSM of the Russian Federation in the Southern federal district. |
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Total amount of dividends accrued on shares following the results of 2009: |
895,089,234.38 rubles |
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Amount of dividend accrued on one share following the results of 2009: |
10.06 rubles |
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Payment due date: |
August 23, 2010 |
The Company has effected payment of 895,088,157.96 rubles of dividends on its shares, out of which 221.32 rubles were returned to the settlement account of the Company due to the incorrect bank details provided by shareholders.
The outstanding dividend amount is 1,076.42 rubles which represents 0.00012% of the total amount of dividends stated. Nonpayment is due to the shareholders' failure to provide the information required to proceed with the payment.
For further information, please contact:
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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 |
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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, 2010 the chain consisted of 3,464 convenience stores and 28 hypermarkets in 1,109 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 and Urals regions.
As of June 30, 2010 the Company operated an in-house logistics system consisting of 10 distribution centers, employing automated stock replenishment systems and a fleet of 1,723 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2010, the Company recorded consolidated revenue of approximately US$3,448 million and consolidated EBITDA of around US$252 million
Related Shares:
MGNT.L