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MAGNIT PJSC (MGNT)
MAGNIT PJSC: PJSC 'Magnit' Specifies the Execution Period of Share Buy-back
Programme
11-Dec-2018 / 09:51 MSK
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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: molchanov_ps@magnit.ru Email: magnitIR@magnit.ru Email:
press@magnit.ru
Office: +7-861-277-4554 x 45000 Office: +7-861-277-4554 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: US55953Q2XXX
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)
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