29th Jun 2010 07:00
Press-release
Krasnodar
June 29, 2010
OJSC "Magnit" announces the decision on dividend payment adopted at AGM.
Krasnodar, June 29, 2010: 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 24, 2010, made a positive decision to pay dividends on OJSC "Magnit" ordinary registered shares in the total amount of 895,089,234.38 rubles, which is 10.06 rubles per share.
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Type of securities: |
ordinary registered uncertified shares |
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State registration number of the securities issue, date of registration: |
1-01-60525-P of 04.03.2004 |
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Registration authority: |
Regional office of FCSM in the Southern federal district |
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The total amount of dividends accrued on shares following the results of the 2009 financial year: |
895,089,234.38 rubles |
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The amount of dividend accrued on one share following the results of the 2009 financial year: |
10.06 rubles |
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Form of payment: |
Monetary funds |
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Expiration date of the fulfillment of obligation on dividend payment: |
August 23, 2010 |
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The total amount of dividends paid on issuer's shares following the results of the 2009 financial year: |
0 rubles |
The minutes were executed as of June 28, 2010.
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 December 31, 2009 the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 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 December 31, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,453 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2009, the Company recorded consolidated revenue of approximately US$5,354 million and consolidated EBITDA of around US$509 million.
Related Shares:
MGNT.L