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Whoosh Board of Directors Recommends Nine Month Dividends

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The board of directors of VUSH Holding (Russian electric scooter rental service Whoosh) recommended that an extraordinary meeting of shareholders approve dividends in the amount of 10.25 rubles. per share based on the results of nine months of 2023. This is stated in message companies.

At the opening of trading on October 18, Whoosh shares rose by 3.14% to RUB 232. The price of the securities as of 10:25 Moscow time was 224.15 rubles. (-0.32%), the Moscow Exchange index was at around 3,247.74 points (+0.32%). Since the beginning of the year, it has grown by 50%, the company’s quotes by 38%.

About plans discuss The company announced the payment of dividends on October 11. For the first half of 2023, the company’s net profit grew 3.3 times in annual terms, up to 1.2 billion rubles. Revenue increased by 38.8% and amounted to RUB 4.43 billion. Operating profit increased by 41.3% YoY to RUB 1.28 billion. Kicksharing EBITDA amounted to RUB 2.03 billion, an increase of 45% year-on-year. Kicksharing’s EBITDA margin was 46%.

Whoosh is the largest kick-sharing operator in 40 cities of Russia. The scooter fleet as of September 30, 2023 totaled 146,500, the number of trips was 89.6 million. The date on which persons entitled to receive dividends are determined is December 4, 2023.

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