PJSC Magnit Announces the Results of the BOD Meeting, Including the Decision to Call the EGM and Determination of the Record Date

MAGNIT PJSC (MGNT) 
PJSC 'Magnit' Announces the Results of the BOD Meeting, Including the 
Decision to Call the EGM and Determination of the Record Date 
18-Nov-2019 / 09:46 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press Release | Krasnodar | November 18, 2019 
 
PJSC Magnit Announces the Board of Directors' Resolutions, Including the 
Decision to Call the EGM and Determination of the Record Date 
 
     Krasnodar, Russia (November 18, 2019): Magnit PJSC (MOEX and LSE: MGNT; 
 "Company"), one of Russia's leading retailers, announces the resolutions of 
      the Board of Directors taken at the meeting held on November 15, 2019. 
 
The Board has made a decision to call the Extraordinary General Shareholders 
  Meeting in the form of absentee voting. Among other items, the agenda will 
 include the consideration of the dividend payment in January 2020, based on 
the 9M 2019 financial results. The Board has recommended to pay dividends on 
 PJSC Magnit shares in the amount of RUB 15,000,332,342.45 which constitutes 
   RUB 147.19 per one ordinary share, and set January 10, 2020 as a dividend 
                                                                record date. 
 
                                     The EGM record rate: November 29, 2019. 
 
                      Voting ballots acceptance deadline: December 24, 2019. 
 
       Postal address to send the completed voting ballots: 15/5 Solnechnaya 
                                          Street, Krasnodar, 350072, Russia. 
 
  The Board approved the payment of JSC Tander dividends in the total amount 
 of RUB 20 billion (RUB 2 per one ordinary share of JSC Tander) based on the 
       9M 2019 financial results. PJSC Magnit is the sole shareholder of JSC 
   Tander. The dividend payment of the subsidiary (JSC Tander) will generate 
     the profit for the parent company (PJSC Magnit) that may be used to pay 
                            dividends to PJSC Magnit shareholders in future. 
 
  Items of the agenda of PJSC "Magnit" Board of Directors are related to the 
         exercise of rights on ordinary registered uncertified shares, state 
         registration number 1-01-60525-P of 04.03.2004, International Stock 
                                  Identification Number (ISIN) RU000A0JKQU8. 
 
  Please follow the link below to read the full text of the Board decisions: 
 
              http://ir.magnit.com/en/information-disclosure/material-facts/ 
 
This announcement contains inside information which is disclosed in 
accordance with the Market Abuse Regulation which came into effect on 3 July 
2016. 
 
                                    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 September 30, 2019, Magnit operated 38 distribution 
   centres and 20,497 stores (14,507 convenience, 467 supermarkets and 5,523 
  drogerie stores) in 3,694 cities and towns throughout 7 federal regions of 
                                                     the Russian Federation. 
 
      In accordance with the unaudited IFRS management accounts for 9M 2019, 
   Magnit had revenues of RUB 1,000 billion and an EBITDA of RUB 63 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. 
 
                                                 Forward-looking statements: 
 
 This document contains forward-looking statements that may or may not prove 
     accurate. For example, statements regarding expected sales growth rate, 
      store openings and future transactions are forward-looking statements. 
   Forward-looking statements involve known and unknown risks, uncertainties 
       and other important factors that could cause actual results to differ 
         materially from what is expressed or implied by the statements. Any 
 forward-looking statement is based on information available to Magnit as of 
   the date of the statement. All written or oral forward-looking statements 
       attributable to Magnit are qualified by this caution. Magnit does not 
  undertake any obligation to update or revise any forward-looking statement 
                                     to reflect any change in circumstances. 
 
ISIN:           US55953Q2021 
Category Code:  MSCU 
TIDM:           MGNT 
LEI Code:       2534009KKPTVL99W2Y12 
OAM Categories: 2.2. Inside information 
Sequence No.:   29713 
EQS News ID:    914885 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

November 18, 2019 01:46 ET (06:46 GMT)