Source - EQS

MAGNIT PJSC (MGNT)
PJSC 'Magnit' Announces the Holding of the BOD Meeting

13-Apr-2018 / 16:10 CET/CEST
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Press Release

Krasnodar

April 13, 2018

 

PJSC "Magnit" Announces the Holding of the BOD Meeting

 

Krasnodar, April 13, 2018: Magnit PJSC, one of Russia's leading retailers (the "Company", MOEX and LSE: MGNT), is pleased to announce the holding of the Board of Directors meeting.

 

On April 13, 2018, the Chairman of the Board of Directors made the decision to hold the BOD meeting on April 18, 2018 with the following agenda:

 

  1. Preliminary approval of the PJSC "Magnit" annual report.
  2. Approval of the Report on the related party transactions executed by PJSC "Magnit" in 2017.
  3. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the Retail Import LLC shares in the charter capital owned by the Company.
  4. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the LLC "Alkotrading" shares in the charter capital owned by the Company
  5. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the LLC "Tandem" shares in the charter capital owned by the Company.
  6. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the JSC "Tander" shares in the charter capital owned by the Company.
  7. Review of results of the performance evaluation of PJSC "Magnit" Board of Directors.

 

Items of the agenda of PJSC "Magnit" Board of Directors are related to the exercise of rights on ordinary registered uncertified shares, state registration number 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8.

 

 

For further information, please contact:

 

Timothy Post

Head of Investor Relations

Email: [email protected]

Office: +7-861-277-4554 x 17600

 

Dina Svishcheva

Deputy Director, Investor Relations

Email: [email protected]

Office: +7-861-277-4554 x 15101

 

Media Inquiries

Media Relations Department

[email protected]

 


Company description:

Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2017, Magnit operated 37 distribution centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family stores and 3,774 drogerie stores) in 2,709 cities and towns throughout 7 federal regions of the Russian Federation.

 

In accordance with the unaudited IFRS management accounts for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDA of RUB 92 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

 



ISIN: US55953Q2021
Category Code: MSCU
TIDM: MGNT
LEI Code: 2534009KKPTVL99W2Y12
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 5403

 
End of Announcement EQS News Service

674543  13-Apr-2018 

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