MAGNIT PJSC: Holding of BoD Meeting

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MAGNIT PJSC / Miscellaneous - High Priority 
MAGNIT PJSC: Holding of BoD Meeting 
 
11-Sep-2017 / 16:44 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, 
LLC - a company of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
                         Press Release 
 
                         Krasnodar 
 
                         September 11, 2017 
 
                      PJSC "Magnit" Announces the Holding of the BOD Meeting 
 
         Krasnodar, September 11, 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 September 11, 2017, the Chairman of the Board of Directors made the 
   decision to hold the BOD meeting on September 18, 2017 with the following 
                         agenda: 
 
  1) 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 
 
  2) 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. 
 
                         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 June 30, 2017, Magnit operated 35 distribution centers 
  and 14,844 stores (11,114 convenience, 430 hypermarkets and 3,300 drogerie 
       stores) in 2,567 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. 
 
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Language:      English 
Company:       MAGNIT PJSC 
               15/5 Solnechnaya street 
               350072 Krasnodar 
               Russia 
Phone:         [phone] 
Fax:           [phone] 
E-mail:        [e-mail] 
Internet:      https://ir.magnit.com/en/ 
ISIN:          US55953Q2021 
Listed:        Foreign Exchange(s) London, Moscow 
Category Code: MSCH 
TIDM:          MGNT 
Sequence No.:  4620 
 
End of Announcement EquityStory.RS, LLC News Service 
 
608557 11-Sep-2017 
 
 

(END) Dow Jones Newswires

September 11, 2017 10:44 ET (14:44 GMT)