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

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MAGNIT PJSC (MGNT) 
MAGNIT PJSC: PJSC 'Magnit' Announces the Results of the BOD Meeting 
 
17-Oct-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 | October 17, 2018 
 
PJSC "Magnit" Announces the Results of the BOD Meeting 
****************************************************** 
 
Krasnodar, Russia (17 October, 2018): Magnit PJSC (MOEX and LSE: MGNT; 
"Company", "Issuer"), one of Russia's leading retailers announces the 
results of the Board of Directors meeting held on October 16, 2018. 
 
        Please be informed that on October 16, 2018 the BOD meeting was held 
     (minutes of the BOD meeting of PJSC "Magnit" are w/o No. of October 17, 
                                                                      2018). 
 
                                                         The meeting agenda: 
 
1. Early termination of powers of the member of the collegial executive body 
                                        (Management Board) of PJSC "Magnit". 
 
2. Election of the member of the collegial executive body (Management Board) 
                                                           of PJSC "Magnit". 
 
 3. Determination of a person authorized to sign the agreement with the PJSC 
                "Magnit" Management Board member on behalf of PJSC "Magnit". 
 
7 (seven) of the 7 (seven) BOD members participating in the BOD meeting were 
present. 
 
                 Quorum to hold the BOD meeting with this agenda is present. 
 
                                                             Voting Results: 
 
                                                                      Item 1 
 
Mowat Gregor William - "for", Demchenko Timothy - "for", Simmons James Pat - 
        "for", Makhnev Alexey Petrovich - "for", Foley Paul Michael - "for", 
   Prysyazhnyuk Alexander Mikhailovich - "for", Ryan Charles Emmitt - "for". 
 
                                                                      Item 2 
 
Mowat Gregor William - "for", Demchenko Timothy - "for", Simmons James Pat - 
        "for", Makhnev Alexey Petrovich - "for", Foley Paul Michael - "for", 
   Prysyazhnyuk Alexander Mikhailovich - "for", Ryan Charles Emmitt - "for". 
 
                                                                      Item 3 
 
Mowat Gregor William - "for", Demchenko Timothy - "for", Simmons James Pat - 
        "for", Makhnev Alexey Petrovich - "for", Foley Paul Michael - "for", 
   Prysyazhnyuk Alexander Mikhailovich - "for", Ryan Charles Emmitt - "for". 
 
                                                    The decisions were made. 
 
                                                   Content of the decisions: 
 
                                                       Item 1 on the agenda: 
 
   "To early terminate the powers of Ilya Karimovich Sattarov, the member of 
   the PJSC "Magnit" Management Board. The termination date shall be October 
                                                                   17, 2018. 
 
                                                       Item 2 on the agenda: 
 
   "To elect Evgeniy Viktorovich Melnikov as the member of the PJSC "Magnit" 
                                      Management Board from October 17, 2018 
 
The share of the member in the charter capital of the issuer: 0%; 
 
         The share of ordinary shares of the issuer owned by this member: 0% 
 
                                                       Item 3 on the agenda: 
 
 "To authorize the Deputy Chairman of the Board of PJSC "Magnit", Foley Paul 
 Michael, to sign the labor agreement with Evgeniy Viktorovich Melnikov, the 
            PJSC "Magnit" Management Board member on behalf of the Company". 
 
For further information, please contact: 
 
Dina Svishcheva Media Inquiries 
 
Head of IR Media Relations Department 
 
Email: [e-mail] Email: [e-mail] 
 
Office: [phone] 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.:   6230 
EQS News ID:    734421 
 
End of Announcement EQS News Service 
 
 

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October 17, 2018 02:59 ET (06:59 GMT)