Detsky Mir Announces Date Of GSM
Moscow, 31 October 2018 – 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 that its Board of Directors at a meeting on 29 October 2018 approved a resolution to convene the General Shareholders’ Meeting (the GSM) on 05 December 2018. The record date for shareholders eligible to participate in the GSM is 09 November 2018.
The Board of Directors recommended that the GSM approve an interim dividend for the nine months 2018 financial year of RUB 3,244 million, representing a payment of RUB 4.39 per ordinary share. As a result, the total amount of the dividends paid out in 2018 is expected to be RUB 7.3 billion, which is equivalent to a dividend yield of 10.4% based on the average price of Company’s shares for the last 12 months.
The Board of Directors also recommended that the GSM set the record date establishing eligibility to receive the dividend as 16 December 2018.
The GSM materials will be available at the Company’s website (corp.detmir.ru), as well as at Interfax’s website (e-disclosure.ru) and by request at the Company’s corporate secretariat: 3/6 3rd Nizhnelikhoborsky proyezd, 127238 Moscow after 13 November 2018.
Shareholders may register to participate in the GSM, fill out the electronic form of ballots and vote via the electronic voting service (www.aoreestr.ru/shareholders/e-voting).
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 Russia’s largest specialized children’s goods retailer. The company operates a network of 666 stores, including 610 Detsky Mir stores in Russia and Kazakhstan located in 228 cities, as well as 54 ELC (Early Learning Centre) and 2 ABC stores in Russia. The total selling space as of 30 September 2018 was approximately 714,000 square meters.
In accordance with the audited Financial Statements under IFRS for FY 2017, Group revenue amounted to RUB 97.0 bn., adjusted EBITDA totaled RUB 10.7 bn and adjusted profit amounted to RUB 5.5 bn.
Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSC Sistema[1] – 52.10%, Russia-China Investment Fund (RCIF) [2] – 14.03%, other shareholders owning less than 5% of the shares – 33.87%.
Learn more at www.detmir.ru, corp.detmir.ru, and elc-russia.ru.
Disclaimer
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Detsky Mir. You can identify forward-looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could,” “may” or “might” the negative of such terms or other similar expressions. Detsky Mir wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Detsky Mir does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Detsky Mir, including, among others, general economic conditions, the competitive environment, risks associated with operating in the Russian Federation, rapid technological and market change in the industries Detsky Mir operates in, as well as many other risks specifically related to Detsky Mir and its operations.
(8) 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.
(9) RCIF is an equity fund established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), hold its stake in PJSC Detsky Mir through its funds: FLOETTE HOLDINGS LIMITED and EXARZO HOLDINGS LIMITED.