IBS Group Recommends Dividends for the Year Ended March 31, 2013

Aug 01, 2013, 13:02 ET from IBS Group Holding Ltd

RAMSEY, the Isle of Man, August 1, 2013 /PRNewswire/ --

IBS Group, a leading software development and IT services provider in Central and Eastern Europe, announces that on July 26, 2013, the Board of Directors of the IBS Group Holding Limited has recommended a dividend of US$0.32 per share to be paid for the financial year ended March 31, 2013.

This distribution is subject to approval by shareholders at the Annual General Meeting on September 3, 2013. The record date for dividends is August 9, 2013.

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of information technology services, such as software development and IT services outsourcing, IT infrastructure and business applications implementation. IBS Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam and Singapore. IBS Group employs more than 8,500 people worldwide. In the year ended March 31, 2013, the Group reported US GAAP consolidated revenues of USD870.3 million. IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)

For more information about IBS Group please visit http://www.ibsgr.com.

SOURCE IBS Group Holding Ltd