New extraordinary cash distribution for the shareholders of JUMBO Group

JUMBO Group informs its shareholders-partners that it will respond, to the continuous support and trust they demonstrate towards the company's share, with another -extraordinary- cash distribution.
At the next Extraordinary General Meeting that will be held on June 25th, 2020, the Group's management - fulfilling the promise it had made during the recent Annual General Meeting- will propose:
• The payment of a new cash distribution, a type of an interim dividend corresponding to the current corporate year from 1.1.2020 to 31.12.2020.
• For the calculation of the amount that will be distributed, the amount approved for the previous twelve-month financial year from 1.7.2018 to 30.6.2019, which was € 0,47 per share, is taken as a basis.
The management will propose to the Extraordinary General Meeting the approval of the payment of an extraordinary cash distribution of half the abovementioned amount, ie: Gross amount of EUR 0,235 per share or a total amount of EUR 31.974.043,37 (0,235 EUR x 136.059.759 shares).
This amount will be paid out of taxed extraordinary reserves from undistributed profits of the financial year July 1st, 2010 – June 30th, 2011.
The new cash distribution to the shareholders comes as a crowning achievement of the dynamic response of the consumers to the products and the service of the JUMBO stores immediately after the end of the lockdown.
In Greece, on March 13, 2020, the Government announced the temporary suspension of operation of the retail stores, shopping malls and other places of public gathering, with the aim to limit the spread of Covid-19.
A similar decision was taken by the Government of Cyprus.
Moreover, the measures to restrict the movement of citizens in Bulgaria and Romania, combined with the decision to close stores operating in shopping malls, have significantly affected sales in these countries as well
As of May 11, the operation of most stores in Greece and three out of the five stores in Cyprus began.
• The impressively positive response of the consumers in combination with the gradual lifting of restrictions in Bulgaria and Romania pushed the Group's sales for the month of May to double-digit growth (+ 13.60%).
As a result, of this surprising development, is that the decline of group's sales in the first five months of the current financial year has been limited at  -23% approximately.
The JUMBO group is committed to continue its efforts to the fast healing of the wounds caused by the pandemic, following the well-known method of continuous investment and constant adaptation to the new conditions.
At the same time, it will continue to support its shareholders for the trust they have been demonstrating to the management and its choices for many years now.