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MAGNIT PJSC (MGNT)
Magnit Announces the Results of the BOD Meeting
08-May-2018 / 08:47 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
May 8, 2018
Magnit Announces the Results of the BOD Meeting
Krasnodar, May 8, 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 May 4, 2018.
Please be informed that on May 4, 2018 the BOD meeting was held (minutes of
the BOD meeting of PJSC "Magnit" are w/o No. of May 07, 2018).
The meeting agenda:
1) Election of the Chairman of the Board of Directors of PJSC "Magnit".
2) Election of the Deputy Chairman of the Board of Directors of PJSC
"Magnit".
3) Election of the Secretary of the Board of Directors of PJSC "Magnit".
4) Approval of Regulations on the Committees of the Board of Directors of
Public Joint Stock Company "Magnit" (new edition).
5) Formation of the Audit Committee of the Board of Directors of PJSC
"Magnit".
6) Election of the Chairman of the Audit Committee of the Board of
Directors of PJSC "Magnit".
7) Formation of the HR and Remuneration Committee of the Board of
Directors of PJSC "Magnit".
8) Election of the Chairman of the HR and Remuneration Committee of the
Board of Directors of PJSC "Magnit".
9) Formation of the Strategy Committee of the Board of Directors of PJSC
"Magnit".
10) Election of the Chairman of the Strategy Committee of the Board of
Directors of PJSC "Magnit".
7 (seven) of the 7 (seven) BOD members participating in the BOD meeting were
present.
Quorum to hold the BOD meeting with this agenda is present.
Voting Results:
Items 1-3:
Gregor William Mowat - "for", Demchenko Timothy - "for", James Pat Simmons -
"for", Makhnev Alexey Petrovich - "for", Paul Michael Foley - "for",
Prysyazhnyuk Alexander Mikhailovich - "for", Charles Emmitt Ryan - "for".
The decisions were made.
Item 4:
Gregor William Mowat - "for", Demchenko Timothy - "for", James Pat Simmons -
"for", Makhnev Alexey Petrovich - "for", Paul Michael Foley - "for",
Prysyazhnyuk Alexander Mikhailovich - "against", Charles Emmitt Ryan -
"for".
The decision was made.
Items 5-10:
Gregor William Mowat - "for", Demchenko Timothy - "for", James Pat Simmons -
"for", Makhnev Alexey Petrovich - "for", Paul Michael Foley - "for",
Prysyazhnyuk Alexander Mikhailovich - "for", Charles Emmitt Ryan - "for".
The decisions were made.
Content of the decisions:
Item 1 on the agenda:
'To elect Charles Emmitt Ryan as the Chairman of the Board of Directors of
PJSC "Magnit"'.
Item 2 on the agenda:
'To elect Paul Michael Foley as the Deputy Chairman of the Board of
Directors of PJSC "Magnit"'.
Item 3 on the agenda:
'To elect Churikov Nikita Alexandrovich as the Secretary of the Board of
Directors of PJSC "Magnit"'.
Item 4 on the agenda:
'To approve Regulations on the Committees of the Board of Directors of
Public Joint Stock Company "Magnit"'.
Item 5 on the agenda:
"To form the Audit Committee of the Board of Directors of PJSC "Magnit"
consisting of the following 3 (three) members:
- Gregor William Mowat;
- James Pat Simmons;
- Prysyazhnyuk Alexander Mikhailovich".
Item 6 on the agenda:
'To elect Gregor William Mowat as the Chairman of the Audit Committee of the
Board of Directors of PJSC "Magnit"'.
Item 7 on the agenda:
"To form the HR and Remuneration Committee of the Board of Directors of PJSC
"Magnit" consisting of the following 3 (three) members:
- James Pat Simmons;
- Paul Michael Foley;
- Prysyazhnyuk Alexander Mikhailovich".
Item 8 on the agenda:
'To elect James Pat Simmons as the Chairman of the HR and Remuneration
Committee of the Board of Directors of PJSC "Magnit"'.
Item 9 on the agenda:
"To form the Strategy Committee of the Board of Directors of PJSC "Magnit"
consisting of the following 3 (three) members:
- James Pat Simmons;
- Makhnev Alexey Petrovich;
- Paul Michael Foley".
Item 10 on the agenda:
'To elect Paul Michael Foley as the Chairman of the Strategy Committee of
the Board of Directors of PJSC "Magnit"'.
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 March 31, 2018, Magnit operated 37 distribution centers
and 16,625 stores (12,283 convenience, 242 hypermarkets, 210 Magnit Family
stores and 3,890 drogerie stores) in 2,764 cities and towns throughout 7
federal regions of the Russian Federation.
In accordance with the audited IFRS results 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.: 5511
EQS News ID: 683437
End of Announcement EQS News Service
(END) Dow Jones Newswires
May 08, 2018 02:46 ET (06:46 GMT)
