Jumbo group, the largest retail company of toys, baby products, stationary products and other relevant products in Greece, announces that the Annual General Meeting of the company’s shareholders, which was held on Wednesday, December 8th, 2010 at the company’s headquarters, attended 149 Shareholders, representing 78,71% of the Company’s paid-up share capital, approved unanimously the distribution of a dividend of € 0.189 per share (gross).
During the Annual General Meeting, the management informed the investors that despite the difficulties in the retail market in Greece the company continues its efforts to strengthen its market position through the execution of its investment plan and to reiterate the positive growth rate in sales. During the first six months of the current financial year July 2010-June 2011, Jumbo S.A. opened five new stores, of which two in Greece, two in Bulgaria and one in Cyprus.
Today, the Group operates 50 stores of which 43 are located in Greece, 3 in Cyprus and 4 in Bulgaria. The opening of the Group’s new store in Greece (Ioannina) of total surface 9.000sqm is expected in the next few days.
Moreover, the management informed the company’s shareholders that for the next financial year July 2011-June 2012, six new stores will be added at the Group’s network. Two of the new stores will be placed in Greece, one in Cyprus and three in Bulgaria. Total Capex for the next financial year is expected to reach € 40-45m, as the four stores will be rented and two will be owned.