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MAGNIT PJSC (MGNT)
MAGNIT PJSC: Statement from Sergey Galitskiy
16-Feb-2018 / 17:37 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
February 16, 2018
As a follow-up to the sale of 29.1% stake in Magnit to subsidiary company of
VTB Bank (PJSC) announced earlier today, Sergey Nikolaevich Galitskiy would
like to make an official statement.
The deal structure assumes payment of the entire purchase price in cash at
the date of closing after receiving the necessary approval from the Federal
Antimonopoly Service of Russia. The deal is executed by a private individual
who is a Russian citizen, therefore taxes from the share sale shall be paid
to the budget of the Russian Federation (to the budget of the Krasnodar Krai
and to the budget of the City of Krasnodar). Sergey Galitskiy does not have
indebtedness to VTB Group and its affiliates.
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 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.: 5216
End of Announcement EQS News Service
655255 16-Feb-2018
(END) Dow Jones Newswires
February 16, 2018 11:37 ET (16:37 GMT)
