INFORMATION ON DIVIDEND PAYMENT FOR H1 2020
9 September 2020, Moscow. MD Medical Group Investments Plc (“MD Medical Group,” “MDMG,” the “Group” or the “Company” – LSE: MDMG), a leading Russian private healthcare provider, announces the details for the payment of interim dividends for 1H 2020.
On 4 September 2020, the Board of Directors approved an interim dividend for H1 2020 of RUB 736,225 thsd, or RUB 9.8 per share. The dividend record date is set as 18 September 2020. The Group's GDRs will be marked as ex-dividend on 17 September 2020. The pay date for GDR holders is set for 20 October 2020 in US dollars based on the Central Bank of Russia rate as of 4 September 2020, which corresponds to RUB 75.4680 per USD.
Under the Russian Tax Code, dividends paid by Russian companies are subject to the following tax rates:
· 15% as a general rule;
· At a reduced rate in the case of Russian tax residents and residents of foreign jurisdictions whose Governments have signed a double taxation treaty (“DTT”) with the Government of Russia.
Detailed information regarding dividend taxation and applicable reduction according to the Russian Tax Code is listed in Appendix 1.