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MAGNIT PJSC (MGNT)
PJSC 'Magnit' Announces Completion of Share Buy-back and Transactions within
the Share Buy-Back
10-Apr-2019 / 16:31 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press Release | Krasnodar | April 10, 2019
PJSC "Magnit" Announces Completion of Share Buy-back and Transactions within
the Share Buy-Back
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Krasnodar, Russia (April 10, 2019): PJSC "Magnit" (MOEX and LSE: MGNT) (the
"Company"), one of Russia's leading retailers, announces the completion of the
share buyback of the Company's ordinary shares (ISIN: RU000A0JKXXX) (the
"Shares") announced on March 29, 2019 (the " Buy-back ").
During the Buy-back, between April 1, 2019 and April 5, 2019, the Company
purchased 164,710 shares; the cost of shares purchased by JSC "Tander"
(subsidiary company of PJSC "Magnit") from Renaissance Broker LLC
("Renaissance") amounts to 606,978,660 rubles based on the average purchase
price.
Renaissance has, between April 4, 2019 and April 5, 2019, made purchases of
the Company's shares on the Moscow Exchange pursuant to the Company's share
buyback.
Aggregated and detailed information regarding such purchases is set out below.
The Shares have been sold by Renaissance to JSC Tander at a price linked to
the average price on the Moscow Exchange for the buy-back period, determined
in accordance with the terms agreed between Tander and Renaissance.
Aggregated Information on the transactions for the period related to the
present announcement:
Date Shares Highest price Lowest price VWAP
purchased paid per Share paid per Share
per Share
(RUB)
04.04.2019 33,619 3,719.00 3,656.50 3,694.40
05.04.2019 39,017 3,671.00 3,604.50 3,623.33
Schedule of Purchases:
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), a full breakdown of the individual trades conducted by
Renaissance under the Buy-back during the period to which this announcement
relates is available on the pages linked below:
? http://ir.magnit.com/en/information-disclosure/reports-on-buy-back/ [1]
(in english);
?
http://ir.magnit.com/ru/raskryitie-informatsii/soobshheniya-na-etapah-protse
duryi-obratnogo-vyikupa-aktsiy/ [2] (in russian);
? http://www.e-disclosure.ru/portal/files.aspx?id=7671&type=10 [3] (in
russian)
For further information, please contact:
Dmitry Kovalenko Media Inquiries
Director for Investor Relations Media Relations Department
Email: dmitry_kovalenko@magnit.ru Email: press@magnit.ru
Office: +7 (861) 210-48-80
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 December 31, 2018, Magnit operated 37 distribution centers
and 18,399 stores (13,427 convenience, 467 supermarkets and 4,505 drogerie
stores) in 2,976 cities and towns throughout 7 federal regions of the Russian
Federation.
In accordance with the audited IFRS results for 2018, Magnit had revenues of
RUB 1,237 billion and an EBITDA of RUB 90 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.: 8168
EQS News ID: 798439
End of Announcement EQS News Service
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(END) Dow Jones Newswires
April 10, 2019 09:31 ET (13:31 GMT)
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