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

Dow Jones received a payment from EQS/DGAP to publish this press release.

MAGNIT PJSC (MGNT) 
MAGNIT PJSC: PJSC 'Magnit' announces the cessation of Sergey Galitskiy's 
right to dispose a certain number of votes accounted for voting shares 
(stakes) in the charter capital of PJSC 'Magnit' 
 
15-March-2018 / 13:00 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 
 
                         March 15, 2018 
 
PJSC "Magnit" announces the cessation of Sergey Galitskiy's right to dispose 
       a certain number of votes accounted for voting shares (stakes) in the 
                         charter capital of PJSC "Magnit" 
 
    Krasnodar, Russia (March 15, 2018): Magnit PJSC, one of Russia's leading 
   retailers (the "Company"; MOEX and LSE: MGNT), announces the cessation of 
 Mr. Sergey Galitskiy's right to dispose a certain number of votes accounted 
         for voting shares (stakes) in the charter capital of PJSC "Magnit". 
 
 On March 14, 2018 the right of Mr. Galitskiy Sergey N. to dispose a certain 
 number of votes accounted for voting shares (stakes) in the charter capital 
                         of PJSC "Magnit" ceased. 
 
                         Type of stock power: indirect 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: 32,760,132 shares (32.145713%). 
 
  Number of shares and % in the charter capital after the basis of the stock 
                         power: 3,103,932 shares (3.045718%). 
 
                         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 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.:   5302 
 
End of Announcement EQS News Service 
 
664539 15-March-2018 
 
 

(END) Dow Jones Newswires

March 15, 2018 08:00 ET (12:00 GMT)