X5 Retail Group to continue paying dividends under policy

LONDON, Oct 25 (PRIME) -- Russian retailer X5 Retail Group plans to continue paying dividends in accordance with the dividend policy, the company said in a presentation on Thursday.

In September 2017, the company’s supervisory board approved a policy of paying at least 25% of the net profit as calculated under International Financial Reporting Standards (IFRS) on condition of the ratio of net debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) staying below 2x.

Alfa Group holds 47.86% in X5 Retail Group, the free float is 40.63%.

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