Fix Price received permission from the government to pay dividends – Kommersant
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Best Price LLC, the Russian subsidiary of the Fix Price chain of stores (MOEX: FIXP), received permission from a subcommittee of the government commission to pay dividends for 2022 in the amount of 9.8 billion rubles. parent company. Following this news, Fix Price receipts on the Moscow Exchange grew by more than 5%.
Fix Price clarified that the permit issued by the subcommittee contains a number of conditions, including the achievement of key performance indicators (KPIs). “Fix Price is exploring possible options for the payment of dividends to its shareholders, taking into account the current regulatory environment, making the necessary efforts to meet established KPIs and other requirements,” says the press release (.pdf) companies.
As of 10:14 Fix Price receipts on Moscow Exchange growth slowed down to 4.05%, they are trading at 318.6 rubles.
In February 2022, Fix Price re-registered its business from the British Virgin Islands to Cyprus. The company’s revenue for 2022 amounted to 277.6 billion rubles. On November 9, 2023, shareholders approved the re-registration of the company from Cyprus to Kazakhstan. The retailer planned maintain global depositary receipts on the London Stock Exchange. In 2023, the Fix Price network consisted of 6,414 stores in Russia and neighboring countries.
Read about which issuers are ready to share profits with shareholders “Dividends are counted in the fall”.
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