O`KEY Group S.A. (LSE: OKEY, the “Group”), one of Russia’s leading food retailers, today announces that the Board of Directors has approved an interim dividend of USD 7.6 million for the period from 1 January to 20 October, 2020.
The Board of Directors of O`KEY Group S.A. has approved the payment of an interim dividend totalling USD 7,608,067.35, or USD 0.028275 per ordinary Share.
Heigo Kera, Chairman of the Board of Directors of O`KEY Group, said:
“The Board of Directors is pleased to be able to declare an interim dividend, underscoring the resilience of our business model, which has underpinned the Group’s performance and ability to generate positive net cash flow amid the unprecedented challenges of this year. O’KEY has a long-established practice of making regular returns of cash to shareholders, and we plan to continue this in future.”
The interim dividend will be paid to shareholders on record as of 11:30 a.m. Central European Time on October 30, 2020. The Group will pay the interim dividend on November 2, 2020.
Bank of New York Mellon, the Group’s depositary bank, will announce the record and payment dates for GDR holders in due course.
O`KEY Group S.A. (LSE: OKEY, RAEX – ‘ruA-’) is one of the leading grocery retailers in Russia, operating hypermarkets under the O`KEY brand and discounters under the DA! brand.
As of September 30, 2020, the Group operates 182 stores across Russia (77 hypermarkets and 105 discounters) with total selling space of 591,352 square meters. The company opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O`KEY is the first Russian food retailer to launch e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group has six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. In 2015, the Group launched the first discount chain in Russia under the DA! brand. The Group operates four distribution centres throughout Russia – two in Moscow and two in St. Petersburg. The Group employs 20,000+ people.
In 2019, Group’s revenue totalled RUB 165.1 billion, while EBITDA reached RUB 14.1 billion and net income climbed to RUB 747 million.
The O`KEY shareholder structure is as follows: NISEMAX Co Ltd – 44.79%, GSU Ltd – 29.52%, free float – 25.69%.
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