UMG's Board of Directors will consider distribution of dividends for FY’2020 on August 27
Cyprus, 13 August 2021. United Medical Group CY PLC (hereinafter referred to as "the Company", together with its subsidiaries, "the Group" or "EMC", MOEX ticker: GEMC), a leading provider of comprehensive premium medical services in Russia, operating under the brand "European Medical Center", hereby informs that a meeting of the company's Board of Directors to consider dividends distribution for the FY’2020 will be held on August 27, 2021.
In addition to the dividends’ distribution, the agenda of the meeting include the issues of choosing an audit company to conduct an audit of the financial statements for FY’2021, approving the consolidated financial statements for the FY’2020 and the 1h’2021, as well as transactions with dependent parties and other issues within the competence of the Board.
The full agenda of the meeting is published as a material fact on the Interfax-Corporate Information Disclosure Center page.
Important Note
NEITHER THIS ANNOUNCEMENT NOR THE INFORMATION CONTAINED HEREIN IS FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR TO ANY PERSON IN ANY OF THOSE JURISDICTIONS OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF SUCH JURISDICTION.
These materials are not intended to and do not constitute investment advice. These materials do not constitute or form any part of and should not be constructed as an offer or commitment to sell or issue, a solicitation, recommendation, commitment or invitation to subscribe for, underwrite or otherwise acquire, and should not be construed as an advertisement for, any securities of United Medical Group CY PLC or any member of its group in any jurisdiction or an inducement to enter into investment activity in any jurisdiction.
Overview
- EMC is the second largest private healthcare provider in Russia by revenue[1] and the largest by adjusted EBITDA[2] [3] and has been operating in the Russian private healthcare market for 30+ years – the longest track record of any major private healthcare business in this market[4].
- EMC is a fully integrated healthcare services provider offering a comprehensive range of diversified medical services, and has advanced capabilities in more than 57 specialisations.
- EMC’s network comprises seven multidisciplinary medical centres, one maternity centre and one rehabilitation centre (with a total built-up area of approximately 87 thousand square metres), as well as three geriatric centres (with a total built-up area of approximately 14 thousand square metres). As at 31 March 2021, the Group had 2,593 employees, comprising 752 physicians, 1,472 nurses and other medical staff and 369 administrative and support staff.
- EMC is a leading Russian provider of cancer treatment with extensive expertise in a full range of modern oncology treatment methods, state-of-the-art facilities and equipment as well as renowned experts with international experience.
[1] According to EMC estimates, based on data for 2020.
[2] For EMC, calculated as profit for the period/year adjusted for income tax benefit, other income / (expenses), net, (expense)/income on change in fair value of financial instruments, foreign exchange (loss)/gain, finance expense, and finance income, less construction revenue plus cost of construction, non-recurring expenses, depreciation of property plant and equipment (representing depreciation of property plant and equipment attributable to (a) Cost of medical services and products provided, (b) Selling expenses and (c) General and administrative expenses and amortisation of intangible assets (representing amortisation of intangible assets attributable to (a) Cost of medical services and products provided, (b) Selling expenses and (c) General and administrative expenses)) for the period.
[3] Estimated based on EMC’s adjusted EBITDA for 2020 and the latest publicly available information from the Company’s private healthcare Russian peers.
[4] According to EMC’s estimates.
Investor and Media Inquires
Dmitry Ivanov
Director Investor Relations
+357 993366278
ir@emc-investors.com