MAGNIT PJSC: PJSC Magnit Specifies the Execution Period of Share Buy-back Programme

Dow Jones received a payment from EQS/DGAP to publish this press release.

MAGNIT PJSC (MGNT) 
MAGNIT PJSC: PJSC 'Magnit' Specifies the Execution Period of Share Buy-back 
Programme 
 
11-Dec-2018 / 09:51 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press Release | Krasnodar | December 11, 2018 
 
PJSC "Magnit" Specifies the Execution Period of Share Buy-back Programme 
************************************************************************ 
 
    Krasnodar, Russia (December 11, 2018): PJSC "Magnit"(MOEX and LSE: MGNT) 
      (the "Company"), one of Russia's leading retailers, announces that the 
    execution of Share Buyback Programme (the "Programme") will end no later 
                                                         than March 4, 2019. 
 
Terms and conditions of the Programme announced by the Company 0n October 5, 
                                                       2018 remain unchanged 
(http://www.e-disclosure.ru/portal/event.aspx?EventId=iSYy-C5N5o0yBIUeDp49ZJ 
                                                         A-B-B (in Russian), 
http://tools.morningstar.co.uk/tsweu6nqxu/globaldocuments/document/rnsNewsIt 
                           em.aspx?DocumentId=404375465885764 (in English)). 
 
JSC Tander and LLC Renaissance Broker will continue to execute the Programme 
under the terms of the agreement. The Company announced information on this 
agreement on September 05, 2018. 
 
               (http://www.e-disclosure.ru/portal/event.aspx?EventId=AwzRs1T 
                                           1CUaTePuxYafBTA-B-B (in Russian), 
http://tools.morningstar.co.uk/tsweu6nqxu/globaldocuments/document/rnsNewsIt 
                           em.aspx?DocumentId=402949536743959 (in English)). 
 
For further information, please contact 
 
Petr Molchanov Alisa Kvadzba Media Inquiries 
 
Chief Investment Officer IR manager Media Relations Department 
 
Email: [e-mail] Email: [e-mail] Email: 
[e-mail] 
 
Office: [phone] x 45000 Office: [phone] x 17601 
 
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 September 30, 2018, Magnit operated 37 distribution 
centers and 17,442 stores (12,813 convenience, 457 supermarkets and 4,172 
drogerie stores) in 2,866 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.:   6833 
EQS News ID:    756373 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

December 11, 2018 01:53 ET (06:53 GMT)