PJSC Magnit Announces the Key Decisions of the Board

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MAGNIT PJSC (MGNT) 
PJSC 'Magnit' Announces the Key Decisions of the Board 
 
14-Feb-2019 / 09:46 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press Release | Krasnodar | February 14, 2019 
 
PJSC "Magnit" Announces the Key Decisions of the Board 
****************************************************** 
 
Krasnodar, Russia (February 14, 2019): Magnit PJSC (MOEX and LSE: MGNT; 
Company, Group), one of Russia's leading retailers, announces the key 
decisions of the Board of Directors taken on the meeting held on February 
13, 2019. 
 
The Board has considered and approved an additional member to the Management 
Board of PJSC "Magnit" increasing the Management Board from 9 to 10 members, 
starting on February 13, 2019. 
 
The Board has approved Maria Dei as a Member of the Management Board of PJSC 
"Magnit". 
 
Maria Dei will fill the position of Supply Chain Director and will be 
responsible for the development of the long-term supply chain strategy, 
overall management and further development of the Company's logistics 
processes and infrastructure facilities as well as strategic initiatives 
aimed at improving the efficiency of the logistics processes. 
 
"Maria's extensive experience from both retail and supply side gives her a 
solid base from which to step into this new role. Maria has shown great 
professionalism during the time she has been with us and I am sure she will 
further add great value to the company in this very crucial role, " 
commented Olga Naumova, Chief Executive Officer of PJSC "Magnit". 
 
The management presented to the Board the performance results of PJSC Magnit 
          and its subsidiaries for full year 2018 and 4th quarter of 2018 in 
                                                       accordance with IFRS. 
 
  The Board approved the detailed Internal Audit plan of activities for 2019 
as well as a transaction of asset contribution between PJSC "Magnit" and its 
                  subsidiary JSC "Tander" to an amount up to RUB 50 billion. 
 
Please follow the link below to read full text of the Board decisions: 
 
? http://www.e-disclosure.ru/portal/company.aspx?id=7671 (in Russian 
language); 
 
? http://ir.magnit.com/ru/press-relizyi/sushchestvennye-fakty_2019/ (in 
Russian language); 
 
? http://ir.magnit.com/en/press-releases/reg-filings_2019/ (in English). 
 
                                    For further information, please contact: 
 
Dmitry Kovalenko Media Inquiries 
 
Director for Investor Relations Media Relations Department 
 
Email: [e-mail] Email: [e-mail] 
 
Office: [phone] x 46082 
 
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 unaudited IFRS management accounts 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:           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.:   7489 
EQS News ID:    775831 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

February 14, 2019 01:46 ET (06:46 GMT)