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MAGNIT PJSC (MGNT)
MAGNIT PJSC: Holding of BoD Meeting
22-Nov-2017 / 07:34 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 22, 2017
PJSC "Magnit" Announces the Holding of the BOD Meeting
Krasnodar, November 22, 2017: 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 November 21, 2017, the Chairman of the Board of Directors made the
decision to hold the BOD meeting on November 22, 2017 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 in the charter
capital owned by the Company
2) On changing the terms and conditions of the contract made with the
person exercising the powers of the sole executive body of PJSC "Magnit".
For further information, please contact:
Timothy Post Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-4554 x 15101
Media Inquiries Media Relations Department
press@magnit.ru
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.: 4901
End of Announcement EQS News Service
631657 22-Nov-2017
(END) Dow Jones Newswires
November 22, 2017 01:34 ET (06:34 GMT)
