MAGNIT PJSC (MGNT)
Magnit Announces the Results of the BOD Meeting
20-Feb-2020 / 09:45 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Magnit Announces the Results of the BOD Meeting
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Krasnodar, Russia (20 February, 2020): Magnit PJSC (MOEX and LSE: MGNT; the
Company), one of Russia's leading retailers, announces the results of the
Board of Directors meeting held on February 19, 2020.
Please be informed that on February 19, 2020 the BOD meeting was held
(minutes of the BOD meeting of PJSC "Magnit" are w/o No. of February 19,
2020).
The meeting agenda:
1. Consideration of the shareholders' proposals for the nomination of
candidates to the Board of Directors of PJSC "Magnit' to be elected at the
annual General Shareholders Meeting of PJSC "Magnit" and/or to include
issues in the agenda of the annual General Shareholders Meeting of PJSC
"Magnit".
9 (nine) of the 9 (nine) BOD members participating in the BOD meeting were
present.
Quorum to hold the BOD meeting with this agenda is present.
Voting Results:
Item 1.1 - 1.5
?lexander Semenovich Vinokurov - "for", Timothy Demchenko - "for", Jan
Gezinus Dunning - "for", Hans Walter Koch - "for", Evgeniy Vladimirovich
Kuznetsov - "for", Alexey Petrovich Makhnev - "for", Charles Emmitt Ryan -
"for", James Pat Simmons - "for", Florian Jansen- "for".
The decisions were made.
Content of the decisions:
The decision made on the Item 1.1 on the agenda:
"To include into the list of candidates for election to the Board of
directors of PJSC "Magnit" at the annual General Shareholders Meeting to be
held following 2019 results the following candidates:
1.Vinokurov Alexander Semyonovich;
2.Zakharov Sergey Mikhailovich"
The decision made on the Item 1.2 on the agenda:
"To include into the list of candidates for election to the Board of
directors of PJSC "Magnit" at the annual General Shareholders Meeting to be
held following 2019 results the following candidates:
1. Ryan Charles Emmitt;
2. Mowat Gregor William;
3. Florian Jansen".
The decision made on the Item 1.3 on the agenda:
"To include into the list of candidates for election to the Board of
directors of PJSC "Magnit" at the annual General Shareholders Meeting to be
held following 2019 results the following candidates:
1. Demchenko Timothy;
2. Makhnev Alexey Petrovich;
3. Simmons James Pat".
The decision made on the Item 1.4 on the agenda:
"To include into the list of candidates for election to the Board of
directors of PJSC "Magnit" at the annual General Shareholders Meeting to be
held following 2019 results the following candidates:
1. Kuznetsov Evgeniy Vladimirovich;
2. Hans Walter Koch".
The decision made on the Item 1.5 on the agenda:
"To include in the agenda of the annual General Shareholders Meeting of PJSC
"Magnit" to be held following 2019 results the following issue (taking into
account wording of decisions on such issues proposed by shareholders):
1. On supplementing the Articles of Association of PJSC "Magnit" with
paragraph 8.9;
2. On amending subparagraph 32 of paragraph 14.2 of the Articles of
Association of PJSC "Magnit";
3. On amending paragraph 14.2 of the Articles of Association of PJSC
"Magnit";
4. On amending paragraph 14.2 of the Articles of Association of PJSC
"Magnit";
5. On amending article 30 of the Regulations on the Board of directors of
PJSC "Magnit";
6. .On supplementing the Regulations on the Board of directors of PJSC
"Magnit" with paragraph 35.1;
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.
For further information, please contact:
Dmitry Kovalenko
Director for Investor Relations
Email: dmitry_kovalenko@magnit.ru
Office: +7 (861) 210-48-80
Dina Chistyak
Director for Investor Relations
Email: dina_chistyak@magnit.ru
Office: +7 (861) 210-9810 x 15101
Media Inquiries
Media Relations Department
Email: press@magnit.ru
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, 2019, Magnit operated 38 distribution
centres and 20,725 stores (14,622 convenience, 473 supermarkets and 5,630
drogerie stores) in 3,742 cities and towns throughout 7 federal regions of
the Russian Federation.
In accordance with the unaudited IFRS management accounts for FY 2019,
Magnit had revenues of RUB 1,369 billion and an EBITDA of RUB 83 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.: 47821
EQS News ID: 979619
End of Announcement EQS News Service
(END) Dow Jones Newswires
February 20, 2020 01:45 ET (06:45 GMT)
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