Detsky Mir Announces Decisions of the Board of Directors

Moscow, Russia, 05 November 2019 –Detsky Mir PJSC (“Detsky Mir”, or “the Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, announces that its Board of Directors at a meeting on 1 November 2019 approved to convene the Extraordinary General Shareholders’ Meeting (the EGM). The EGM will be held by absentee vote and the final date for receipt of completed ballots is December 6, 2019.The record date for shareholders eligible to participate in the EGM is 12 November 2019.

The Board of Directors recommended that the EGM approved an interim dividend for the nine months of 2019 of RUB 3,739,340,000, representing a payment of RUB 5.06 per ordinary share.

The Board of Directors recommended that the EGM set the record date establishing eligibility to receive the dividend as 17 December 2019.

The EGM materials will be available at the Company’s website (ir.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 14 November 2019.

Shareholders may register to participate in the EGM, fill out the electronic form of ballots and vote via the electronic voting service (www.aoreestr.ru/shareholders/e-voting).

The Board of Directors approved the cash payment of the remaining bonus fund for the Long Term Incentive Plan, according to which the final calculations should take place in 2020. The size and timing of payments, as well as the number of program participants, remained unchanged.

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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, 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 and 14 ABC stores as of 30 September 2019. The Zoozavr retail chain comprises eight stores. Total selling space was approximately 794,000 square meters.

In accordance with the audited Financial Statements under IFRS, Group revenue amounted to RUB 110.9 bn for FY 2018, adjusted EBITDA totaled RUB 12.7 bn and adjusted profit amounted to RUB 7.2 bn.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSFC Sistema[1]  – 52.10%, Russia-China Investment Fund (RCIF) [2] – 14.03%, other shareholders owning less than 5% of the shares – 33.87%. 

Lear more at www.detmir.ru, elc-russia.ru, ir.detmir.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.