PR Newswire
London, May 22
Press-release
Krasnodar
May 22, 2015
PJSC "Magnit" Announces the Holding of the BOD Meeting
Krasnodar, May 22, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company", MOEX and LSE: MGNT), is pleased to announce the holding of the Board
of Directors meeting.
On May 22, 2015 the Chairman of the Board of Directors made the decision to
hold the BOD meeting on May 28, 2015 with the following agenda:
1. Determination of the position of the PJSC "Magnit" representative at the
exercise of the voting right on the JSC "Tander" shares owned by the
Company.
2. Approval of the Regulations on the internal audit of Public Joint Stock
Company "Magnit".
3. Approval of the related party transaction.
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of March 31, 2015,
Magnit operated 28 distribution centers and over 10,000 stores (8,581
convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately
2,180 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2014,
Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.
Magnit's local shares are traded on the Moscow Stock 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.
