MAGNIT PJSC (MGNT)
MAGNIT PJSC: Magnit announces the results of the Board meeting
28-Feb-2020 / 15:00 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 Board meeting
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Krasnodar, Russia (28 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.
Please be informed that on February 27, 2020 the meeting of the Board of
Directors was held (minutes are w/o No. of February 28, 2020).
The Company's management presented the main information on the results of
activities of PJSC Magnit and its subsidiaries for 12 months of 2019 and for
the 4th quarter of 2019.
The Company's management provided the Board of Directors with the key
information on the development of priority business areas.
No issues were put to the vote with regard to these items on the agenda.
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
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.: 49700
EQS News ID: 986545
End of Announcement EQS News Service
(END) Dow Jones Newswires
February 28, 2020 07:00 ET (12:00 GMT)
