News Column

OJSC MAGNIT - Decision to Pay Dividends

June 1, 2014

Press-release Krasnodar June 2, 2014 OJSC "Magnit" Announces the Decision to Pay Dividends Krasnodar, June 2, 2014: OJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT) announces the decision to pay dividends for FY 2013 made by the AGM. The annual general shareholders meeting, held on May 29, 2014, made the decision to pay dividends on OJSC "Magnit" shares in the total amount of 8,430,144,798.25 rubles which is 89.15 rubles per share following the results of 2013 financial year. Type of securities: ordinary registered shares State registration number of the securities 1-01-60525-P of March 4, 2004 issue, date of registration: Governance body of the Issuer which made the General Shareholders Meeting decision to pay dividends: Date of the decision to pay dividends: May 29, 2014 Date and the number of the minutes of Minutes w/o No. of 29.05.2014 meeting where the decision to pay dividends was made: Reporting period which the dividend is paid 2013 financial year for: Total amount of dividends: 8,430,144,798.25 rubles The amount of dividend accrued on one share 89.15 rubles following the results of 2011 financial year: Form of payment: monetary funds in the currency of the Russian Federation by bank transfer Dividend payment date for nominees: June 27, 2014 Dividend payment date for the other July 18, 2014 shareholders: For further information, please contact: Timothy Post Director, Investor Relations Email: Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 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 March 31, 2014, Magnit operated 23 distribution centers and over 8,200 stores (7,341 convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the audited IFRS consolidated financial statements for 2013, Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: 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.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: PR Newswire (UK Disclosure)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters