MAGNIT PJSC: Statement from Sergey Galitskiy

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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: [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.:   5216 
 
End of Announcement EQS News Service 
 
655255 16-Feb-2018 
 
 

(END) Dow Jones Newswires

February 16, 2018 11:37 ET (16:37 GMT)