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MAGNIT PJSC (MGNT)
MAGNIT PJSC: Correction of the Previously Published Press Release Announcing
the Holding of the BOD Meeting (Headline Added)
20-Aug-2018 / 13:06 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press Release | Krasnodar | August 20, 2018
Correction of the Previously Published Press Release Announcing the Holding
of the BOD Meeting
The headline of the press release announcing the holding of the BOD meeting
published on 20 August at 9:06 should be "PJSC "Magnit" Announces the
Holding of the BOD Meeting". The content of the press release remains
unchanged.
PJSC "Magnit" Announces the Holding of the BOD Meeting
******************************************************
Krasnodar, Russia (20 August, 2018): Magnit PJSC (MOEX and LSE: MGNT), one
of Russia's leading retailers announces the holding of the Board of
Directors meeting.
On August 20, 2018, the Chairman of the Board of Directors made the decision
to hold the BOD meeting of PJSC "Magnit" on August 21, 2018 with the
following agenda:
1) Election of the Secretary of the Board of Directors of PJSC "Magnit".
2) Approval of the PJSC "Magnit" buyback programme to exercise the
Long-Term Incentive Programme of PJSC "Magnit" Group of Companies.
For further information, please contact:
Dina Svishcheva Media Inquiries
Investor Relations Media Relations Department
Email: Chistyak@magnit.ru Email: press@magnit.ru
Office: +7-861-277-4554 x 15101
Note to editors:
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 June 30, 2018, Magnit operated 37 distribution centers
and 16,960 stores (12,503 convenience, 244 hypermarkets, 213 supermarkets
and 4,000 drogerie stores) in 2,808 cities and towns throughout 7 federal
regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for
1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44
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.
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.: 5898
EQS News ID: 715577
End of Announcement EQS News Service
(END) Dow Jones Newswires
August 20, 2018 06:06 ET (10:06 GMT)
