Anzeige
Mehr »
Login
Freitag, 29.03.2024 Börsentäglich über 12.000 News von 687 internationalen Medien
Spezial am Donnerstag: Rallye II. - Neuer Anstoß, News und was die Börsencommunity jetzt nicht verpassen will…
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
Dow Jones News
126 Leser
Artikel bewerten:
(0)

Magnit Announces the Results of the BOD Meeting

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

MAGNIT PJSC (MGNT) 
Magnit Announces the Results of the BOD Meeting 
 
18-Apr-2018 / 17:08 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 
 
                         April 18, 2018 
 
                         Magnit Announces the Results of the BOD Meeting 
 
   Krasnodar, April 18, 2018: Magnit PJSC, one of Russia's leading retailers 
   (the "Company", "Issuer"; MOEX and LSE: MGNT), is pleased to announce the 
                         results of the BOD meeting held on April 18, 2018. 
 
  Please be informed that the BOD meeting was held today (minutes of the BOD 
                    meeting of PJSC "Magnit" are w/o No. of April 18, 2018). 
 
                         The meeting agenda: 
 
  1) Preliminary approval of the PJSC "Magnit" annual report. 
 
  2) Approval of the Report on the related party transactions executed by 
  PJSC "Magnit" in 2017. 
 
  3) Determination of the position of the PJSC "Magnit" representative at 
  the exercise of the voting right on the Retail Import LLC shares in the 
  charter capital owned by the Company. 
 
  4) Determination of the position of the PJSC "Magnit" representative at 
  the exercise of the voting right on the LLC "Alkotrading" shares in the 
  charter capital owned by the Company 
 
  5) Determination of the position of the PJSC "Magnit" representative at 
  the exercise of the voting right on the LLC "Tandem" shares in the charter 
  capital owned by the Company. 
 
  6) 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. 
 
  7) Review of results of the performance evaluation of PJSC "Magnit" Board 
  of Directors. 
 
  The following BOD members were present: V. Gordeychuk, S. Galitskiy and A. 
                         Shkhachemukov. 
 
     A. Aleksandrov, D. Chenikov, K. Pombukhchan and A. Pshenichniy provided 
their written opinions on the items of the agenda of the BOD meeting of PJSC 
                         "Magnit". 
 
       The number of the BOD members participating in the meeting, including 
                         written opinions of 
   A. Aleksandrov, D. Chenikov, K. Pombukhchan and A. Pshenichniy amounts to 
       not less than half of the number of the BOD members determined by the 
                         Charter of the Company. 
 
                 Quorum to hold the BOD meeting with this agenda is present. 
 
                         Voting Results: 
 
                         Items 1-7: 
 
     V. Gordeychuk - "for", A. Aleksandrov - "for", S. Galitskiy - "for", D. 
        Chenikov - "for", K. Pombukhchan - "for", A. Pshenichniy - "for", A. 
                         Shkhachemukov - "for". 
 
                         The decisions were made. 
 
                         Content of the decisions: 
 
                         Item 1 on the agenda: 
 
   "To preliminary approve the PJSC "Magnit" annual report for the year 2017 
  and submit it for consideration of the General shareholders meeting of the 
                         Company". 
 
                         Item 2 on the agenda: 
 
   "To approve the Report on the related party transactions executed by PJSC 
                         "Magnit" in 2017". 
 
                         Item 3 on the agenda: 
 
   "To recommend the sole executive body of PJSC "Magnit", which is the sole 
     shareholder of Retail Import LLC to make the following decisions at the 
     exercise of the voting right on shares in the charter capital of Retail 
                         Import LLC owned by the Company: 
 
 "1. To approve the annual financial statements of Retail Import LLC for the 
                         financial year 2017. 
 
         2. To approve the Limited Liability Company Audit firm "Faber Leks" 
     (Principal State Registration Number 1022301213197, Taxpayer Id. Number 
     2308052975, address: 144/2 Krasnykh Partizan, Krasnodar, 350049) as the 
          auditor of Retail Import LLC for 2018 under the Russian accounting 
                         standards. 
 
         3. To determine the payment amount for the services of the audit of 
        financial statements of Retail Import LLC for 2018 under the Russian 
      accounting standards in the amount not exceeding 500,000 (Five hundred 
                         thousand) rubles excluding VAT". 
 
                         Item 4 on the agenda: 
 
   "To recommend the sole executive body of PJSC "Magnit", which is the sole 
      shareholder of LLC "Alkotrading" to make the following decision at the 
        exercise of the voting right on shares in the charter capital of LLC 
                         "Alkotrading" owned by the Company: 
 
    "To approve the annual financial statements of LLC "Alkotrading" for the 
                         financial year 2017". 
 
                         Item 5 on the agenda: 
 
   "To recommend the sole executive body of PJSC "Magnit", which is the sole 
  shareholder of LLC "Tandem" to make the following decision at the exercise 
  of the voting right on shares in the charter capital of LLC "Tandem" owned 
                         by the Company: 
 
         "To approve the annual financial statements of LLC "Tandem" for the 
                         financial year 2017". 
 
                         Item 6 on the agenda: 
 
   "To recommend the sole executive body of PJSC "Magnit", which is the sole 
 shareholder of JSC "Tander", to make the following decision at the exercise 
  of the voting right on shares in the charter capital of JSC "Tander" owned 
                         by the Company: 
 
   "To provide consent to major transaction to be executed in future between 
  JSC "Tander" (hereinafter - the Borrower) and VTB Bank (Public Joint Stock 
  Company) (hereinafter - the Creditor, the Bank) - the Additional agreement 
(Addendum) to the Credit agreement No.KC-??-730750/2015/00024 as of December 
 31, 2015 (as amended under the Additional agreement No.1 as of May 5, 2016) 
     (hereinafter - the Credit agreement, the Agreement) under the following 
                         essential terms and conditions: 
 
           1. maximum debt limit under the Credit agreement shall not exceed 
                         60,000,000,000 (Sixty billion) rubles; 
 
  2. purpose of the credit line (the aggregate amount of credit transactions 
       which the Borrower is entitled to obtain under the Credit agreement): 
 
2.1. financing of the ordinary course of business for the purpose of working 
                         capital financing; 
 
        2.2. financing of the current operations and financing of operations 
                         stipulated in the charter of the Borrower; 
 
                         2.3. financing of the cash flow gaps; 
 
                         2.4. financing of the general corporate objectives; 
 
                         2.5. acquisition of financial assets; 
 
                    2.6. acquisition, repair, modernization of fixed assets; 
 
                 2.7. organization of new production line/business activity; 
 
 2.8. construction (reconstruction) of real estate for production/commercial 
                         activities; 
 
       2.9. acquisition of real estate for production/commercial activities; 
 
    2.10. refinancing of real estate construction (reconstruction) costs for 
                         production/commercial activities, 
 
    2.11. acquisition of securities issued by the Bank (including promissory 
       notes with a maturity of not less than 180 days from the issue date); 
 
2.12. settlement of the Borrower's liabilities to repay loans and borrowings 
  obtained from the third parties (except for loans provided by the Bank) in 
       respect of the borrowed funds used for the purposes authorized by the 
                         Addendum; 
 
  3. the interest rate within the Credit line is determined according to the 
  terms of the Credit agreement and shall not exceed 26 (twenty six) percent 
                         per annum for each particular Credit transaction; 
 
  4. the Borrower shall repay (return) the full amount of the Credits on the 
date on 1825 (one thousand eight hundred twenty five) calendar days from the 
       execution date of the Addendum. The Borrower shall repay (return) the 
   Credits within 1825 (one thousand eight hundred and twenty five) calendar 
        days from the execution date of the Addendum within the Credit line; 
 
       5. the terms, procedure of provision and repayment of credit amounts, 
    interest and other payments shall be determined by the Credit agreement. 
 
  To provide hereof the chief executive officer of JSC "Tander" the right to 
     sign additional agreements which change the terms and conditions of the 
   Credit agreement, including but not limited to the change of the interest 
    rates, the credit amount and the term of the credit provision within the 
                         limits hereof". 
 
                         Item 7 on the agenda: 
 
 "To take into consideration the report of the HR and Remuneration Committee 
    of the PJSC "Magnit" Board of Directors on the performance evaluation of 
                         PJSC "Magnit" Board of Directors in 2017". 
 
  Items of the agenda of PJSC "Magnit" Board of Directors are related to the 
         exercise of rights on ordinary registered uncertified shares, state 
         registration number 1-01-60525-P of 04.03.2004, International Stock 
                         Identification Number [1] (ISIN) RU000A0JKQU8. 
 
                         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 
 

(MORE TO FOLLOW) Dow Jones Newswires

April 18, 2018 11:08 ET (15:08 GMT)

Großer Dividenden-Report 2024 von Dr. Dennis Riedl
Der kostenlose Dividenden-Report zeigt ganz genau, wo Sie in diesem Jahr zuschlagen können. Das sind die Favoriten von Börsenprofi Dr. Dennis Riedl
Jetzt hier klicken
© 2018 Dow Jones News
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.