MAGNIT PJSC: Magnit Announces AGM Results

MAGNIT PJSC (MGNT) 
MAGNIT PJSC: Magnit Announces AGM Results 
 
31-May-2019 / 14:41 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Magnit Announces AGM Results 
**************************** 
 
  Krasnodar, Russia (31 May, 2019): Magnit PJSC (MOEX and LSE: MGNT), one of 
     Russia's leading retailers, announces the results of the Annual General 
                                                       Shareholders Meeting. 
 
  At the Annual General Shareholders Meeting (AGM) held on May 30, 2019, the 
  following members were elected to the Board of Directors of PJSC "Magnit": 
 
                                                         1. Walter Hans Koch 
 
                                                         2. Evgeny Kuznetsov 
 
                                                      3. Jan Gezinus Dunning 
 
                                                           4. Alexey Makhnev 
 
                                                      5. Alexander Vinokurov 
 
                                                        6. Timothy Demchenko 
 
                                                      7. Charles Emmitt Ryan 
 
                                                        8. James Pat Simmons 
 
                                                           9. Jansen Florian 
 
     Following the results of the 2018 reporting year, the AGM also approved 
      dividend payment for the total amount of RUB 16,996,775,786.90, or RUB 
                                              166.78 per one ordinary share. 
 
                     June 14, 2019 has been set as the dividend record date. 
 
    The AGM approved amendments to the Company's Articles of Association and 
other internal regulations to include, among others, the introduction of the 
 role of the President of the Management board who may be acting as the sole 
                              executive body of the Company, along with CEO. 
 
  The President shall have within their competence all issues related to the 
 development and implementation of the Company's strategy and issues related 
 to the day-to-day management of the Company's ongoing operations, excluding 
  matters falling within the competence of the General Shareholders Meeting, 
                           the Board of Directors, and the Management Board. 
 
      Additionally, the AGM approved the annual report and annual accounting 
  statements for 2018, the 2018 profits distribution (including the dividend 
 distribution, as mentioned above), as well as the proposals on remuneration 
   and reimbursement of expenses to the members of the Audit commission. The 
       AGM also elected new members of the Audit commission and approved the 
                                                  auditors of PJSC "Magnit". 
 
   For further information on the resolutions adopted by the AGM and the AGM 
                                 poll results, please follow the link below: 
 
? 
http://ir.magnit.com/ru/raskryitie-informatsii/soobshheniya-o-sushhestvenn 
yih-faktah/ [1] (Russian); 
 
? http://ir.magnit.com/en/information-disclosure/material-facts/ [2] 
(English); 
 
? http://www.morningstar.co.uk/uk/NSM [3] (English). 
 
                                    For further information, please contact: 
 
Dmitry Kovalenko 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] 
 
Dina Chistyak 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] x 15101 
 
Media Inquiries 
 
Media Relations Department 
 
Email: [e-mail] 
 
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 March 31, 2019, Magnit operated 38 distribution centres 
  and 19,223 stores (13,909 convenience, 467 supermarkets and 4,847 drogerie 
       stores) in 3,077 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:           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.:   8905 
EQS News ID:    817953 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e0e6f1bd333b9f7b16a287f23bd6b399&application_id=817953&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3578903232f0525b75d5aa4e4f1807ea&application_id=817953&site_id=vwd&application_name=news 
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d16e1e2c58f305fa956b4e96999f613e&application_id=817953&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

May 31, 2019 07:41 ET (11:41 GMT)