The Board of Directors of Magnit recommended to allocate 5 million rubles for dividends.

The Board of Directors of Magnit recommended to allocate 5 million rubles for dividends.

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Board of Directors of PJSC “Magnit” following the results of the 2022 financial year recommended meeting of shareholders to allocate 5 million rubles for dividends. out of 9.58 million rubles. arrived. The remaining funds will be used to increase the value of the company’s net assets. May 22 board of directors recommended not pay dividends and use all profits to increase the value of net assets.

It is recommended to set the amount of dividends in the amount of 95 rubles. 75 kop. per ordinary share (4019.5 rubles at 15:45). The Board of Directors made the decision unanimously, consisting of five people (71.4% of the composition). “The Board of Directors proposes to establish July 10, 2023 as the date on which persons entitled to receive dividends are determined,” the company said in a statement.

On May 24, the Moscow Exchange announced the transfer of Magnit shares to the third level of the quotation list. This led to a decrease in the value of securities. “Magnet” is now the leader in terms of decline in Moscow exchange index. It is losing 3.7% as of 15:09.

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