23.05.14Comments of "Rollman Group PLC" to the Annual General Meeting of Shareholders
The Annual General Shareholders' Meeting of "Rollman Group PLC" was held on May 21, 2014 at 15.00. Results of the voting on the agenda are disclosed on our website in the material facts.The agenda of the Annual General Shareholders' Meeting of "Rollman Group PLC " was published more than once, so we will not repeat, and proceed directly to comments.
Comments of "Rollman Group PLC" to the Annual General Meeting of Shareholders:
The first point, the net profit under IFRS for 2013 turned out less than for 2012, nearly 140 million against 190 million a year ago. It is so because the whole situation in our economy is not very good. We have no illusions and expect an improving of economy in our country not earlier than at 2015-2016, and we are ready for such development of the situation.
The second point, the dividend will be paid only on preferred shares of type "A " in monetary value. The date of compiling the of list of persons entitled to receive dividends is June 1. It means that you need to buy the shares not later than May 28, because in connection with T +2 trading regime, you will have them only on May 30. 31st of May and 1st of June is weekend. But to the 1st of June you will have already had the shares to get dividend. This is an important moment as regards to the date. There are some words about for the size of the dividend. The dividend will be 7.1 ruble per share, and it is for the first half of the year. Some people are confused by this fact and believe that the dividend will be 14.2 rubles per share. We want to explain that 14.2 ruble, or 14.2 % of the nominal is dividend for the year.
Dividend on ordinary shares for 2013 is not paid. If you look at our offer to buy ordinary shares, you will understand why there is no dividend for 2013.
The third point, how long "Rollman Group PLC" will pay a dividend on preferred shares class "A". We cannot answer "Yes" under the law, so if we will have an income and in accordance with the positive decision of shareholders it is scheduled to pay a dividend continuously every half of a year. For the company is profitable and acceptable.
The fourth point is on the Company's auditor. There are no significant changes concerning the auditor and members of the Board of Directors. There are two new members at The Board of Directors, more details will be written after the first meeting of the Board of Directors, which is scheduled for May 29. All information will be available on our website.
Fifth point, the future plan for the developing of "Rollman Group PLC" is construction of hypermarket; its square is approximately 6000 sq.m. The construction leads (hypermarket will belong) Rollman`s daughter. Construction of the hypermarket is not simple and cheap.
The sixth point, on the meeting there was discussed a complex ownership structure of the group of companies, its circularity. The company has a complete understanding that it is necessary to simplify the ownership scheme. Company will try to make it more understandable and easy for everyone, and especially for our shareholders. But this process is not simple and rather long.