Armada : will allocate up to 30% of the net profit for dividends

2014

June 06, 2014 Armada will allocate up to 30% of the net profit for dividends

Moscow, June 6, 2014 - Armada Group (MICEX-RTS: ARMD) announces the resolutions passed by the Board of Directors at the meeting held yesterday.

On the proposal of Alexey Kuzovkin, Chairman of the Board of Directors of Armada, the Board of Directors reviewed and adopted a new dividend policy, which provides for allocation of 15% to 30% of the net profit of Armada ОАО for payment of dividends.

"I believe that adoption of the dividend payment policy will allow the shareholders to increase return on their investments in Armada both by means of dividends and the growth of the company's capitalization", said Alexey Kuzovkin.

About the company
Armada OAO (MICEX-RTS: ARMD) develops software and provides IT services to public and corporate customers in Russia. It ranks among Top 10 software developers, Top 10 IT suppliers for the state sector and Top 20 IT companies of Russia (according to Expert RA and CNews ratings). In general, Armada's solutions are used by over 30 million people in Russia. Website: www.armd.ru/en

Contacts:
Dmitry Chursin
Head of Investor Relations of Armada OAO
Tel.: [phone]
E-mail: [e-mail]

See also

• Armada boosts FY12 revenue 20%
• FY2013: Armada maintains the leading positions in the market

Short link on this page: http://www.armadaitgroup.com/?id=q2X29