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Approval of Dividend Policy
RNS Number : 2272Z
05 March 2013





March 5, 2013, Kyiv, Ukraine




Adoption of Dividend Policy

MHP S.A. ("the Company") today announces that its Board of Directors approved the adoption of a dividend policy which maintains a balance between the need to invest in further development and the right of shareholders to share the net profit of the Company. The new dividend policy confirms the Company's intention to pay annual dividends to the shareholders on a regular basis. 


Further, after having carefully considered the performance of the Company during the financial year 2012 as evidenced in the consolidated financial statements for the year ended 31 December 2012, the Board of Directors approved payment of a dividend of US$1.13 per share, equivalent to approximately US$120 million. The dividend is conditional upon the finalization of the Company's interim accounts reflecting distributions of profit by subsidiaries, and will be declared and paid as an interim dividend in 2013 in compliance with Luxembourg law. The Company anticipates making a further announcement in this regard by mid May 2013.


Charles E Adriaenssen, the Chairman, said: "As our major capital investment programme comes to fruition, we anticipate that the Company will become increasingly cash generative creating a sound platform to continue its growth strategy. Our new dividend policy reflects our confidence in the performance and potential of the Company."




For investor relations enquiries

Anastasiya Sobotyuk (Kyiv)                                     




Kyiv: +38 044 207 99 58




Notes to Editors:


Information on MHP


MHP is the leading producer of poultry products in Ukraine with the greatest market share and highest brand recognition for its products.  MHP owns and operates each of the key stages of chicken production processes, from feed grains and fodder production to egg hatching and grow out to processing, marketing, distribution and sales (including through MHP's franchise outlets). Vertical integration reduces MHP's dependence on suppliers and its exposure to increases in raw material prices. In addition to cost efficiency, vertical integration also allows MHP to maintain strict biosecurity and to control the quality of its inputs and the resulting quality and consistency of its products through to the point of sale. To support its sales, MHP maintains a distribution network consisting of 11 distribution and logistical centres, within major Ukrainian cities. MHP uses its trucks for the distribution of its products, which Management believes reduces overall transportation costs and delivery times.

MHP also has a leading grain cultivation business growing corn to support the vertical integration of its chicken production and increasingly other grains, such as wheat and rape, for sale to third parties. MHP leases agricultural land located primarily in the highly fertile black soil regions of Ukraine.


Since May 15, 2008, MHP has traded on the London Stock Exchange under the ticker symbol MHPC.



Forward-Looking Statements


This press release might contain forward-looking statements that refer to future events or forecast financial indicators for MHP S.A. Such statements do not guarantee that these are actions to be taken by MHP S.A. in the future, and estimates can be inaccurate and uncertain. Actual final indicators and results can considerably differ from those declared in any forward-looking statements. MHP S.A. does not intend to change these statements to reflect actual results.

This information is provided by RNS
The company news service from the London Stock Exchange
Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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