HeadHunter’s board resolves to pay $25 mln divs on/by Sep 10

MOSCOW, Aug 25 (PRIME) -- The board of directors of Russian online recruiting service HeadHunter has decided to pay a dividend of U.S. $0.50 per share, or $25 million in total, for 2019 by September 10, the company said late on Monday in a statement.

The dividends represent 75% of the company’s adjusted net income.

“The company originally announced this interim dividend on March 13, 2020. Subsequently, on April 15, 2020, the company announced the deferral of this dividend payment until further notice due to the uncertainties over the impact of the COVID-19 pandemic on its business,” HeadHunter said.

“However, recently the company has seen an improvement in business sentiment and recoveries in key operating and financial metrics. In addition, on August 24, 2020, the company entered into a new credit facility agreement with VTB Bank to extend the ultimate maturity of its debt under the facility from October 2022 to June 2025. Taking these facts into account, the company’s board of directors has concluded that the company is now well positioned to set the payment date for the previously deferred interim dividend.”

The previously announced dividend record date of March 27 will remain unchanged.

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