Detsky Mir announces date of AGM
16 April 2018. Moscow, Russia. – Detsky Mir PJSC (“Detsky Mir” or “the Company”) – Russia’s largest specialized children’s goods retailer, announces that its Board of Directors at a meeting on 13 April 2018 approved a resolution to convene the Annual General Meeting of Shareholders (AGM) on 18 May 2018. The record date for shareholders eligible to participate in the AGM is 26 April 2018.
The agenda of the AGM includes among others the following items: approval of the annual report and annual financial statements for 2017; approval of dividends; election of members of the Company’s Board of Directors and Audit Commission; approval of the corporation charter and the auditors.
The Board of Directors recommended that the AGM approve a final dividend for the 2017 financial year of RUB 2.9 billion, representing a payment of RUB 3.88 per ordinary share. As a result, the total amount of the interim and final dividends paid for 2017 will be RUB 5.1 billion, which is equivalent to a dividend yield of 7.6% based on the average price of Company’s shares in 2017.
The Board of Directors also recommended that the AGM set the record date establishing eligibility to receive the dividend as 29 May 2018.
The materials for the General Meeting of Shareholders will be available at the Company’s website corp.detmir.ru and by request from the Company’s corporate secretariat at: 3/6 3rd Nizhnelikhoborsky proyezd, 127238 Moscow after 28 April 2018.