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1 Sep 2017 15:20
PJSC MAGNIT - Decision to Pay DividendsPJSC MAGNIT - Decision to Pay Dividends
PR Newswire
London, September 1
Press-release
Krasnodar
September 1, 2017
Magnit Announces the Decision to Pay Dividends
Krasnodar, Russia (September 1, 2017): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the decision to pay dividends for the first half of 2017 reporting year made by the EGM.
The extraordinary general shareholders meeting made the decision to pay dividends on PJSC “Magnit” shares in the total amount of 10,922,782,116.05 rubles which is 115.51 rubles per share following the results of the first half of 2017 reporting year.
| Type of securities: | ordinary registered uncertified shares, International Securities Identification Number (ISIN) RU000A0JKQU8 |
| State registration number of the securities issue, date of registration: | 1-01-60525-P of March 4, 2004 |
| Governance body of the Issuer which made the decision to pay dividends: | General Shareholders Meeting |
| Date of the decision to pay dividends: | September 1, 2017 |
| Date and the number of the minutes of meeting where the decision to pay dividends was made: | Minutes w/o No. of 01.09.2017 |
| Reporting period which the dividend is paid for: | first half of 2017 reporting year |
| Total amount of dividends accrued on shares following the results of the first half of 2017 reporting year: | 10,922,782,116.05 rubles |
| The amount of dividend accrued on one share following the results of the first half of 2017 reporting year: | 115.51 rubles |
| Form of payment: | monetary funds in the currency of the Russian Federation by bank transfer |
| Dividend record date: | September 15, 2017 |
| Dividend payment date for nominees: | September 29, 2017 |
| Dividend payment date for the other shareholders: | October 20, 2017 |
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-4554 x 15101 |
| Media Inquiries | Media Relations Department press@magnit.ru |
Company description:
Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2017, Magnit operated 35 distribution centers and 14,844 stores (11,114 convenience, 430 hypermarkets and 3,300 drogerie stores) in 2,567 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow 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.
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