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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: post@magnit.ru
Office: +7-861-277-4554 x 17600
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-4554 x 15101
Media Inquiries Media Relations Department
press@magnit.ru
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)
