MAGNIT PJSC: Magnit announces the results of the Board meeting

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 
************************************************* 
 
 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: [e-mail] 
 
Office: [phone] 
 
Dina Chistyak 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] x 15101 
 
Media Inquiries 
 
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 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)