Press-release
Krasnodar
December 24, 2014
PJSC "Magnit"Dividend Payment Update
Krasnodar, December 24, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), announces the payment of dividends.
Please be informed that the Company has made dividend payment on its shares
following the results of the 6 months of 2014 financial year.
Type of securities: ordinary registered shares
State registration number of the issue: 1-01-60525-P as of
04.03.2004
Total amount of dividends accrued on shares 7,404,154,096.50 rubles
following the results of the 6 months of 2014
financial year:
Amount of dividend accrued on one share following 78.3 rubles
the results of the 6 months of 2014 financial year:
Form of yield payment: monetary funds in the
currency of the Russian
Federation by bank transfer
Dividend payment date for nominees and trust October 24, 2014
managers who are professional securities market
participants registered in the shareholder
register:
Dividend payment date for the other shareholders November 18,2014
registered in the shareholder register
The Company has effected dividend payment in the amount of 7,404,145,796.70
rubles, out of which 5,950.80 rubles were returned as of December 24, 2014 due
to the absence of the accurate bank account details and/ or another creditor's
delay.
The outstanding dividend amount is 8,299.80 rubles which represents 0.000112%
of the total amount of the announced dividends. Nonpayment is due to the
absence of the bank account details required for the payment.
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
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: Chistyak@magnit.ru
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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000
cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 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.