Board of Directors of PJSC “Detsky Mir” recommended paying RUB 2.6 bn in dividends for FY2016

26 April 2017. Moscow, Russia.  – The Board of Directors of PJSC “Detsky Mir” (“Detsky Mir”, or “the Company) (MOEX: DSKY), Russia’s largest specialized children’s goods retailer, recommended the General Shareholders’ Meeting to approve dividend payments for the financial year 2016.

The Board of Directors recommended paying RUB 2,571,720,000 in dividends, or RUB 3.48 per Detsky Mir Group ordinary share, which are going to be paid in Q3 2017.

Total amount of dividends paid to shareholders of Detsky Mir Group in 2016 was RUB 4,426,610,000:

1. RUB 1,308,030,000 or RUB 1.77 per Detsky Mir Group ordinary share, paid in Q3 2016 for FY2015;
2. RUB 3,118,580,000 or RUB 4.22 per Detsky Mir Group ordinary share, paid as interim dividends in Q4 2016 for the nine months ended 30 September 2016.

Vladimir Chirakhov, PJSC Detsky Mir Chief Executive Officer, said:

“We are pleased that our efforts to develop the business and improve its efficiency allow our shareholders to achieve a high level of dividend payments. In 2017, we also plan to pay interim dividends for the nine months of 2017.”