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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: 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.: 5747
EQS News ID: 704593
End of Announcement EQS News Service
(END) Dow Jones Newswires
July 13, 2018 11:05 ET (15:05 GMT)
