Less Ads, More Data, More Tools Register for FREE

Pin to quick picksX5 Retail Regulatory News (FIVE)

  • This share is currently suspended. It was suspended at a price of 0.5314

Share Price Information for X5 Retail (FIVE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.5314
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.5314
FIVE Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

X5 SUPERVISORY BOARD APPROVES DIVIDEND POLICY

22 Sep 2017 08:00

RNS Number : 5019R
X5 Retail Group N.V.
22 September 2017
 

X5 SUPERVISORY BOARD APPROVES DIVIDEND POLICY

 

Moscow, 22 September 2017 - The Supervisory Board of X5 Retail Group ("X5" or "the Company"), a leading Russian food retailer (LSE: FIVE), has approved a dividend policy for the Company.

 

The dividend policy sets a target payout ratio of at least 25% of X5 Retail Group's consolidated IFRS net profit, provided that the Company's financial position allows for it. When considering a dividend proposal to the General Meeting of Shareholders, the Supervisory Board will be guided by a target consolidated net debt/EBITDA ratio of below 2.0x, in line with the Company's financing strategy.

 

X5 Retail Group Supervisory Board Chairman Stephan DuCharme said:

 

"I am very pleased that X5 Retail Group can in the near future start providing cash returns to investors in the form of regular annual dividends. The Supervisory Board has been carefully monitoring the Company's successful implementation of its strategy, combined with strong operating and financial performance, and we believe that X5 has reached the stage where it may begin to pay dividends while continuing to meet its strategic targets.

 

"The decision to begin paying dividends does not reflect any change in our long-term strategic priorities. In the years ahead, X5 will seek to further strengthen its position as Russia's leading food retailer through store base expansion, with a continued focus on its customers and on innovative solutions that support sustainable and efficient growth.

 

"The Supervisory Board intends to consider a dividend proposal for FY 2017 in accordance with the new dividend policy."

 

Note to Editors:

X5 Retail Group N.V. (LSE: FIVE, Fitch - 'BB', Moody's - 'Ba2', S&P - 'BB') is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.

As of 30 June 2017, X5 had 10,506 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 9,688 Pyaterochka proximity stores, 557 Perekrestok supermarkets, 90 Karusel hypermarkets and 171 convenience stores. The Company operates 36 DCs and 2,425 Company-owned trucks across the Russian Federation.

For the full year 2016, revenue totalled RUB 1,033,667 mln (USD 15,420 mln), Adjusted EBITDA reached RUB 79,519 mln (USD 1,186 mln), and net profit for the period amounted to RUB 22,291 mln (USD 333 mln). In H1 2017, revenue totalled RUB 613,879 mln (USD 10,587 mln), EBITDA reached RUB 50,000 mln (USD 862 mln), and net profit amounted to RUB 18,698 mln (USD 322 mln).

X5's Shareholder structure is as follows: Alfa Group - 47.86%, Intertrust Trustees Ltd (Axon Trust) - 11.43%, X5 Directors - 0.06%, treasury shares - 0.01%, Shareholders with less than 3% - 40.63%.

Forward looking statements:

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal", "believe", or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.

Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as of the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.

Elements of this press release contain or may contain inside information about X5 Retail Group N.V. within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014/EU).

For further details please contact:

Maxim Novikov

Head of Investor Relations

Tel.: +7 (495) 502-9783

e-mail: Maxim.Novikov@x5.ru

Andrey Vasin

Investor Relations Officer

Tel.:+7 (495) 662-88-88 ext. 21-456

e-mail: Andrey.Vasin@x5.ru

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ROMLLFSAAVILFID
Date   Source Headline
19th Jan 20107:02 amRNSX5 Q4&FY 2009 Trading Update
18th Jan 20108:00 amRNSX5 Results of EGM
18th Dec 20097:00 amRNSX5 Redeems Paterson Bonds
15th Dec 20098:53 amRNSX5 Board Decisions & EGM Agenda
4th Dec 20097:00 amRNSX5 Completes Acquisition of Paterson
2nd Dec 200911:17 amRNSX5 Notification of Transactions of Directors
30th Nov 20097:00 amRNSX5 Q3&9M 2009 Financial Results
27th Nov 20097:00 amRNSX5 SB Recommends Shareholders to Extend CEO's Term
25th Nov 20097:06 amRNSX5 to Acquire Paterson Supermarket Chain
2nd Nov 200911:00 amRNSX5 and Citi to launch project on co-branded cards
28th Oct 20097:21 amRNSX5 Receives AMS Consent to Acquire Paterson
20th Oct 20099:50 amRNSX5 Hosts Russian Retail Days
14th Oct 20092:58 pmRNSX5 Establishes Internet Retailing Platform
9th Oct 20097:00 amRNSX5 Q3&9M 2009 Trading Update
21st Sep 20097:17 amRNSAlexander Savin resigns from X5 Supervisory Board
18th Sep 20097:16 amRNSKarusel Bonds Technical Announcement
27th Aug 20097:00 amRNSX5 Interim report for Q2 & H1 2009
14th Jul 20092:25 pmRNSNew Management Appointments at X5
10th Jul 20097:00 amRNSX5 Q2&H1 2009 Trading Update
2nd Jul 20097:44 amRNSX5 Completes Buy-Out of Franchisee in Urals
15th Jun 20091:25 pmRNSX5 Reports Results of the AGM
11th Jun 200912:31 pmRNSRUR Bonds Placement Results
5th Jun 20097:10 amRNSX5 Ruble Bonds Issue
28th May 20097:00 amRNSX5 Q1 2009 Financial Results
18th May 20095:30 pmRNSX5 to hold the AGM on 12 June 2009
29th Apr 20099:19 amRNSX5 2008 Annual Financial Report
14th Apr 20097:00 amRNSQ4&FY 2008 Financial Results
9th Apr 20097:00 amRNSQ1 09 Trading Update
19th Mar 20099:13 amRNSX5 strengthens price leadership
16th Mar 20098:41 amRNSX5 denies issuing equity for debt repayment
6th Mar 200910:09 amRNSX5 2008&2009 updates
18th Feb 20091:35 pmRNSX5 completes rebranding of hypermarkets
10th Feb 20094:23 pmRNSVTB credit line increase
4th Feb 20093:45 pmRNSSecond Price Monitoring Extn
4th Feb 20093:40 pmRNSPrice Monitoring Extension
27th Jan 20093:45 pmRNSSecond Price Monitoring Extn
27th Jan 20093:40 pmRNSPrice Monitoring Extension
20th Jan 20097:10 amRNSQ4&FY 2008 Trading Update
29th Dec 20087:15 amRNSX5 acquires franchisee in Rostov
24th Dec 200812:45 pmRNSSecond Price Monitoring Extn
24th Dec 200812:40 pmRNSPrice Monitoring Extension
22nd Dec 20087:00 amRNSX5 establishes partnership with A5 pharmacy chain
1st Dec 20087:32 amRNSQ3&9M Financial Results
28th Nov 20083:45 pmRNSSecond Price Monitoring Extn
28th Nov 20083:40 pmRNSPrice Monitoring Extension
24th Nov 200811:22 amRNSx5 certified on internal audit
14th Nov 20083:46 pmRNSSecond Price Monitoring Extn
14th Nov 20083:40 pmRNSPrice Monitoring Extension
14th Nov 20087:00 amRNSVTB provides financing to X5
12th Nov 20083:41 pmRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.