Detsky Mir Amended Date Of GSM
Moscow, 09 November 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 has changed the date of the Extraordinary General Meeting of shareholders (“EGM”) to 15 December 2018. The record date for registering the shareholders eligible to participate in the EGM is 20 November 2018.
The Board of Directors recommended that the EGM approve an interim dividend for the nine months of 2018 in the amount of RUB 3,244 million, representing a payment of RUB 4.39 per ordinary share. The Board of Directors also recommended that the EGM set the dividend record date for 26 December 2018.
The general meeting of shareholders will be held in person instead of absentee at the address: 20/1 B. Balkansky per., 129090, Moscow. The EGM materials will be available on the Company’s website (corp.detmir.ru), as well as on Interfax website (e-disclosure.ru) and upon request at the Company’s corporate secretariat: 3/6 3rd Nizhnelikhoborsky proyezd, 127238 Moscow after 23 November 2018.
Shareholders may register for the EGM, fill out the electronic ballot forms 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, the Group’s 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 shareholding 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 such terms 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, inter alia, general economic conditions, the competitive environment, risks associated with operating in the Russian Federation, rapid technological and market change in the industries where Detsky Mir operates, 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.