25th Aug 2009 07:00
Press-release
Krasnodar
August 25, 2009
OJSC "Magnit": dividend payment update
General shareholders' meeting of OJSC "Magnit" (the "Company") of June 25, 2009 (minutes of meeting of June 25, 2009) made a decision on payment of dividends accrued on ordinary registered uncertified shares (state registration number 1-01-60525-Р of 04.03.2004, registration authority: Regional office of FCSM of the Russian Federation in the Southern federal district) as follows:
|
Period |
Total amount of dividends (in rubles) |
Amount of dividend accrued per one share (in rubles) |
|
Following 2008 financial year results |
121,538,663.60 |
1.46 |
|
Following 1st quarter 2009 results |
396,249,341.60 |
4.76 |
Dividends were required to be paid in cash by August 24, 2009.
The Company has already paid 517,786,400.44 rubles in dividends on its shares pursuant to the decision of the June 25, 2009 general shareholders' meeting of the Company (out of which, as of 24.08.2009, 93.30 rubles were returned to the settlement account of the Company due to the incorrect bank details provided by shareholders).
The outstanding dividend amount is 1,604.76 rubles which represents 0.000310% of the total amount of dividends accrued. Nonpayment is due to the shareholders' failure to provide the information required to make 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 Chistyak |
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, 2009 the chain consisted of 2,790 convenience stores and 18 hypermarkets in 922 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with population of less than 500,000 inhabitants. Most of its stores are located in the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of June 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,345 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2008, the Company posted consolidated revenue of approximately US$5,348 million and consolidated EBITDA of around US$402 million.
Related Shares:
MGNT.L