MAGNIT PJSC: PJSC Magnit Announces the Holding of the BOD Meeting

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MAGNIT PJSC (MGNT) 
MAGNIT PJSC: PJSC 'Magnit' Announces the Holding of the BOD Meeting 
 
22-Jun-2018 / 09:59 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                         Press Release 
 
                         Krasnodar 
 
                         June 22, 2018 
 
                      PJSC "Magnit" Announces the Holding of the BOD Meeting 
 
    Krasnodar, June 22, 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 June 21, 2018, the Chairman of the Board of Directors made the decision 
to hold the BOD meeting of PJSC "Magnit" on June 21, 2018 with the following 
                         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) Formation of the Audit Committee of the Board of Directors of PJSC 
  "Magnit". 
 
  5) Election of the Chairman of the Audit Committee of the Board of 
  Directors of PJSC "Magnit". 
 
  6) Formation of the HR and Remuneration Committee of the Board of 
  Directors of PJSC "Magnit". 
 
  7) Election of the Chairman of the HR and Remuneration Committee of the 
  Board of Directors of PJSC "Magnit". 
 
  8) Formation of the Strategy Committee of the Board of Directors of PJSC 
  "Magnit". 
 
  9) Election of the Chairman of the Strategy Committee of the Board of 
  Directors of PJSC "Magnit". 
 
  10) Determination of the number of PJSC "Magnit" Management Board members. 
 
  11) Election of PJSC "Magnit" Management Board members. 
 
  12) Election of PJSC "Magnit" Management Board Deputy Chairman. 
 
  13) Approval of the labor agreement form for the member of PJSC "Magnit" 
  Management Board. 
 
  14) Determination of a person authorized to sign the labor agreement with 
  PJSC "Magnit" Management Board members on behalf of the Company. 
 
  15) Determination of the position of the PJSC "Magnit" representative at 
  the exercise of the voting right on shares in the charter capital of JSC 
  "Tander" owned by the Company. 
 
  16) Consideration of the information of the PJSC "Magnit" Group of 
  Companies new organizational structure. 
 
  17) Consideration of the information of the PJSC "Magnit" Group of 
  Companies long-term incentive program. 
 
  18) Consideration of the information of the PJSC "Magnit" Group of 
  Companies short-term incentive program. 
 
  19) Consideration of the information on implementation status of the 
  development strategy for the pharmaceutical line of business of PJSC 
  "Magnit". 
 
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 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.:   5672 
EQS News ID:    697941 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

June 22, 2018 03:00 ET (07:00 GMT)