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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.
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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: 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.: 5672
EQS News ID: 697941
End of Announcement EQS News Service
(END) Dow Jones Newswires
June 22, 2018 03:00 ET (07:00 GMT)
