Dividend’s payment rules

Dear Shareholders!

Due to the changes introduced to the rules of dividend’s payment entered into force at the beginning of 2014 (Federal laws of 29.12.2012 №282-FZ, of 21.12.2013 №379-FZ) OJSC “Company “M.video” (hereinafter – “the Company) informs its shareholders on the following:

  • time acceleration of dividend’s payment: 25 business days for the persons registered in the shareholders’ Register and 10 business days – for nominal holders (hereinafter – “NH”) and custodians - professional participants on the securities market (from the closing date of the shareholders’ Register fixating the list of persons entitled to receive  the dividends – 04.07.2014);
  • dividend’s payment shall be made only in non-cash form: dividend’ spayment to the individuals, whose ownership rights on the securities registered in the shareholders’ Register – via post-office transfer or via bank transfer if a corresponding application was filed and to all other persons, whose ownership rights on the securities registered in the shareholders’ Register – via bank transfer to corresponding bank accounts;
  • dividend’s payment to the shareholders, whose ownership rights on the securities registered not in the shareholders’ Register but in the NH: the Company transfers dividend to the NH according to the number of shares registered on the NH’s account in the shareholders’ Register while NH further transfers the dividends to its clients (depositories). NH to whom the dividends were transferred but who failed to transfer it further due to the reasons beyond  the  control of the NH must return the dividends back to the Company within 10 (ten) days after expiration of 1 months period from the last date of the dividend’s payment term.

For receiving the dividend shareholders whose ownership rights on the securities registered in the NH shall instruct the NH by filing of a corresponding application  (instruction) on transfer of the dividends (monetary funds) proving all necessary details for such a transfer.

Relating the tax-heaven arrangements for those shareholders whose ownership rights on the securities registered in the NH: all tax-heaven arrangement (application of a lower tax rate) shall be carried by NH and custodians, licensed professional participants on the securities market, while from now on they act as tax agents (not disclosing information on their clients to the Registrar).

 
Information is valid for 14:26 26.04.2018