EXTRAORDINARY GENERAL MEETING OF DETSKY MIR APPROVES INTERIM DIVIDENDS
Moscow, 11 December 2019 – Detsky Mir PJSC (“Detsky Mir” or “the Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer and a Sistema Group company (LSE: SSA, MOEX: AFKS) announces the results of its Extraordinary General Meeting of shareholders (“EGM”) that took place on 6 December 2019.
The EGM approved the payment of interim dividends in the amount of RUB 3.7 bn, or RUB 5.06 per ordinary share, based on the results of the first nine months of 2019. The total amount of dividends declared in 2019 will be RUB 7.0 bn or RUB 9.51 per ordinary share, which is equivalent to a dividend yield of 10% based on the share price as of 6 December 2019.
The dividend record date will be 17 December 2019. Dividends will be transferred within 10 business days from this date.
For additional information:
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Nadezhda Kiseleva Head of Public Relations Office: +7-495-781-08-08, ext. 2041 Cell: +7-985-992-78-57 nkiseleva@detmir.ru |
Sergey Levitskiy Head of Investor Relations Office: +7-495-781-08-08 ext. 2315 slevitskiy@detmir.ru |
Detsky Mir Group (MOEX: DSKY) is a multi-format retailer and Russia’s largest specialized children’s goods retailer. The Group comprises the Detsky Mir retail chain, and the ELC (Early Learning Centre in Russia) and the ABC retail chains, as well as the Zoozavr pet supplies retail chain. The company operates a network of 710 Detsky Mir stores located in 266 cities in Russia, Kazakhstan and Belarus, as well as 48 ELC, 14 ABC and eight Zoozavr stores as of 30 September 2019. Total selling space was approximately 794,000 square meters.
Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSC Sistema[1] – 33.38%, Russia-China Investment Fund (RCIF) [2] – 9.0%, free-float – 57.62%.
Lear more at www.detmir.ru, corp.detmir.ru, elc-russia.ru.
(1) Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, children’s goods retail, paper and packaging, healthcare services, agriculture, high technology, banking, real estate, pharmaceuticals and hospitality.
(2) RCIF, an equity fund established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), holds its stake in PJSC Detsky Mir through its funds: FLOETTE HOLDINGS LIMITED and EXARZO HOLDINGS LIMITED.