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-Jul-2018 / 18:05 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                             Press Release 
 
                             Krasnodar 
 
                             July 13, 2018 
 
                      PJSC "Magnit" Announces the Holding of the BOD Meeting 
 
    Krasnodar, July 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 July 13, 2018, the Chairman of the Board of Directors made the decision 
to hold the BOD meeting of PJSC "Magnit" on July 19, 2018 with the following 
                             agenda: 
 
  1) Approval of the contract form with a member of the Management Board of 
  PJSC "Magnit". 
 
  2) Approval of the contract form with a sole executive body (Chief 
  Executive Officer) of PJSC "Magnit". 
 
  3) Determination of the position of the PJSC "Magnit" representative at 
  the exercise of the voting right on shares in the charter capital of LLC 
  "Tandem" owned by the Company. 
 
For further information, please contact: 
**************************************** 
 
Dina Svishcheva              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.:   5747 
EQS News ID:    704593 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

July 13, 2018 11:05 ET (15:05 GMT)