13 Sep 2016 07:51
PJSC MAGNIT - Payment of DividendsPJSC MAGNIT - Payment of Dividends
PR Newswire
London, September 13
Press-release
Krasnodar
September 13, 2016
Magnit Announces the Decision to Pay Dividends
Krasnodar, Russia (September 13, 2016): 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 2016 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 7,999,890,633 rubles which is 84.60 rubles per share following the results of the first half of 2016 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 12, 2016 |
| Date and the number of the minutes of meeting where the decision to pay dividends was made: | Minutes w/o No. of 12.09.2016 |
| Reporting period which the dividend is paid for: | first half of 2016 reporting year |
| Total amount of dividends: | 7,999,890,633 rubles |
| The amount of dividend accrued on one share following the results of the first half of 2016 reporting year: | 84.60 rubles |
| Form of payment: | monetary funds in the currency of the Russian Federation by bank transfer |
| Dividend record date: | September 23, 2016 |
| Dividend payment date for nominees: | October 7, 2016 |
| Dividend payment date for the other shareholders: | October 28, 2016 |
For further information, please contact:
| Timothy Post | Head of Investor RelationsEmail: post@magnit.ruOffice: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
| Investor Relations Office | MagnitIR@magnit.ruDirect Line: +7-861-277-4562Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Departmentpress@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, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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.