PJSC Magnit Announces the Holding of the BOD Meeting

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MAGNIT PJSC (MGNT) 
PJSC 'Magnit' Announces the Holding of the BOD Meeting 
 
13-Apr-2018 / 16:10 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 13, 2018 
 
                      PJSC "Magnit" Announces the Holding of the BOD Meeting 
 
   Krasnodar, April 13, 2018: 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 April 13, 2018, the Chairman of the Board of Directors made the decision 
        to hold the BOD meeting on April 18, 2018 with the following 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. 
 
  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: [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.:   5403 
 
End of Announcement EQS News Service 
 
674543 13-Apr-2018 
 
 
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(END) Dow Jones Newswires

April 13, 2018 10:10 ET (14:10 GMT)