12th Feb 2016 14:41
PJSC MAGNIT - Dividend Payment UpdatePJSC MAGNIT - Dividend Payment Update
PR Newswire
London, February 12
Press-release
Krasnodar
February 12, 2016
PJSC “Magnit” Dividend Payment Update
Krasnodar, February 12, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the payment of dividends.
Please be informed that the Company has made dividend payment on its shares following the results of the 9 months of 2015 reporting year.
| Type of securities: | ordinary registered shares |
| State registration number of the issue and the date of registration: | 1-01-60525-P as of 04.03.2004 |
| Total amount of dividends accrued on shares following the results of the 9 months of 2015 reporting year: | 16,999,294,788.35 rubles |
| Amount of dividend accrued on one share following the results of the 9 months of 2015 reporting year: | 179.77 rubles |
| Total number of the issuer’s securities | 94,561,355 shares |
| Form of yield payment: | monetary funds in the currency of the Russian Federation by bank transfer |
| Dividend record date: | January 8, 2016 |
| Dividend payment date for nominees: | January 21, 2016 |
| Dividend payment date for the other shareholders registered in the shareholder register: | February 12, 2016 |
The Company has effected dividend payment in the amount of 16,999,273,935.03 rubles, out of which 4,494.25 rubles were returned due to the absence of the accurate bank account details and/or another creditor’s delay.
The outstanding dividend amount is 20,853.32 rubles. Nonpayment is due to the absence of the bank account details required for the payment.
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations 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 December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.
Related Shares:
MGNT.L