MAGNIT PJSC (MGNT)
PJSC Magnit notifies on the transactions by persons discharging managerial
responsibilities and persons clearly associated with them (PDMR/PCA)
24-March-2020 / 19:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PJSC Magnit notifies on the transactions by persons discharging managerial
responsibilities and persons clearly associated with them (PDMR/PCA)
Krasnodar, Russia (24 March, 2020): Magnit PJSC (MOEX and LSE: MGNT; the
Company, the Group), one of Russia's leading retailers, announces the change
of stake of ordinary shares in the charter capital of PJSC Magnit owned by
Jan Gezinus Dunning, CEO, President, Chairman of the Management Board of
PJSC Magnit, and the change of share by JSC Tander (a subsidiary of the
Company)
On March 24, 2020 the Company was notified on the following change of share
of Jan Gezinus Dunning, CEO and President (Chairman of the Management Board)
of PJSC Magnit, in the charter capital.
Date of Share in Ordinary Share in Ordinary
change the charter shares stake the charter shares stake
capital before change capital after change
before after
change change
March 23, 0,103775% 0,103775% 0,144180% 0,144180%
2020
According to the terms of the employment contract dated January 18, 2019,
concluded with Jan Dunning, he is entitled to the Group's shares provided
that he continues to work in the Group on the exercise date of the share
transfer. The number of shares of the Group to which the rights will be
transferred is fixed and amounts to 164,710 ordinary shares of the Group.
Share-based payment is deferred and involves the transfer of shares during 3
years, including: 50% of fixed number of shares no later than 31 May 2019,
25% no later than 31 March 2020, 25% no later than 31 March 2021, subject to
continued work in the Group.
In April 2019 JSC Tander (a subsidiary of the Company) purchased 164,710
ordinary shares of PJSC Magnit on the Moscow Exchange for the purposes of
share award remuneration to the Chief Executive Officer and the President of
the Company, Jan Dunning, in accordance with the terms of his employment
contract.
In May 2019 as part of the fulfillment of obligations under the employment
contract, concluded with Jan Dunning, JSC Tander made the first payment and
transferred 50% of the fixed number of shares - 82,355 ordinary shares of
PJSC Magnit - to Jan Dunning. His share in the charter capital of PJSC
Magnit amounted to 0.080810%.
In June 2019 for the purposes of implementing the long-term incentive
program for key management personnel, the Group granted 23,404 ordinary
shares to Jan Dunning. As a result, his share in the charter capital of PJSC
Magnit increased to 0.103775%.
On March 23, 2020 as part of the fulfillment of obligations under the
employment contract dated January 18, 2019, JSC Tander made the second
payment and transferred 25% of the fixed number of shares - 41,177 ordinary
shares of PJSC Magnit - to Jan Dunning. His share in the charter capital of
PJSC Magnit increased to 0.144180% (146,936 ordinary shares).
Full information on the share-based payments under the employment contract
dated January 18, 2019, concluded with Jan Dunning, the Chief Executive
Officer and the President of the Group, is available in Note 31 of the
Audited Consolidated Financial Statements of PJSC Magnit for 2019.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial
responsibilities/person closely associated
?) Name Jan Gezinus Dunning
2 Reason for the notification
?) CEO, President, Chairman of the
Management Board of PJSC "Magnit".
Position/status
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer
?) Name Public Joint Stock Company
"Magnit"
b) LEI 2534009KKPTVL99W2Y12
4.1
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
?) Description of the Share
financial instrument,
type of instrument
Identification code
ISIN RU000A0JKQU8
b) Acquisition of PJSC "Magnit"
shares under the Shares Purchase
Agreement executed with JSC
"Tander" pursuant to the terms of
Nature of the transaction the Labor contract No. w/o dated
January 18, 2019 executed between
Dunning Jan Gezinus and Public
Joint Stock Company "Magnit".
c) Price (RUB) volume
2,498.00 41,177
Price(s) and volume(s)
d) Aggregated information Price (RUB) Aggregated volume
2,498.00 41,177
- Aggregated volume
- Price
e)
Date of the transaction March 23, 2020
f)
Place of the transaction outside a trading venue
Full company name and address: Joint Stock Company Tander
185, Levanevskogo street,
Krasnodar, Russia
Taxpayer Id Number: 2310031475
Principal State Registration 1022301598549
Number:
Object of disposal: Ordinary registered uncertified
voting shares with a state
registration No. 1-01-60525-P of
04.03.2004, International
Securities Identification Number
[1] (ISIN) RU000A0JKQU8
Date of disposal: March 23, 2020
Amount of disposed shares: 41,177 shares (0.040405% of the
total equity)
Basis for disposal: Shares Purchase Agreements
concluded with Jan Gezinus
Dunning for the purposes of
fulfilling the obligations under
the employment contract w/No
dated January 18, 2019,
concluded between Jan Gezinus
Dunning and PJSC Magnit.
Amount of votes before 4,361,272 votes (4.279476% of
disposal: the total number of votes)
Amount of votes after 4,320,095 votes (4.239071% of
disposal: the total number of votes)
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 audited IFRS results for FY 2019, Magnit had revenues
of RUB 1,369 billion and an EBITDA of RUB 147 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.: 54399
EQS News ID: 1005877
End of Announcement EQS News Service
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March 24, 2020 12:00 ET (16:00 GMT)
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