MAGNIT PJSC: PJSC Magnit announces the cessation of Lavreno Limited's right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC Magnit

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MAGNIT PJSC (MGNT) 
MAGNIT PJSC: PJSC 'Magnit' announces the cessation of Lavreno Limited's 
right to dispose a certain number of votes accounted for voting shares 
(stakes) in the charter capital of PJSC 'Magnit' 
 
16-Nov-2017 / 17:17 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                         Press Release 
 
                         Krasnodar 
 
                         November 16, 2017 
 
 PJSC "Magnit" announces the cessation of Lavreno Limited's right to dispose 
       a certain number of votes accounted for voting shares (stakes) in the 
                         charter capital of PJSC "Magnit" 
 
 Krasnodar, Russia (November 16, 2017): Magnit PJSC, one of Russia's leading 
   retailers (the "Company"; MOEX and LSE: MGNT), announces the cessation of 
  Lavreno Limited's right to dispose a certain number of votes accounted for 
             voting shares (stakes) in the charter capital of PJSC "Magnit". 
 
     On November 16, 2017 the right of Lavreno Limited (Spyrou Kyprianou 20, 
 Chapo Central, 3' floor, 1075, Nicosia, Cyprus) to dispose a certain number 
of votes accounted for voting shares (stakes) in the charter capital of PJSC 
                         "Magnit" ceased. 
 
                         Type of stock power: direct power. 
 
                         Attribute of stock power: sole power. 
 
  The basis of the stock power: cessation (decrease of stake) in the issuer. 
 
 Number of shares and % in the charter capital before the basis of the stock 
                         power: 7,310,850 shares (7.731330%). 
 
  Number of shares and % in the charter capital after the basis of the stock 
                         power: 210,850 shares (0.222977%). 
 
                         For further information, please contact: 
 
   Timothy Post          Head of Investor Relations 
 
                              Email: [e-mail] 
 
                    Office: [phone] x 17600 
 
Dina Svishcheva Deputy Director, Investor Relations 
 
                          Email: [e-mail] 
 
                    Office: [phone] x 15101 
 
Media Inquiries          Media Relations Department 
 
                                    [e-mail] 
 
                         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 September 30, 2017, Magnit operated 36 distribution 
   centers and 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 
  drogerie stores) in 2,664 cities and towns throughout 7 federal regions of 
                         the Russian Federation. 
 
  In accordance with the reviewed IFRS consolidated financial statements for 
     1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 
     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.:   4880 
 
End of Announcement EQS News Service 
 
630243 16-Nov-2017 
 
 

(END) Dow Jones Newswires

November 16, 2017 11:17 ET (16:17 GMT)