PJSC Magnit announces the termination of Dodge & Cox's right to dispose a certain number of votes attached to voting shares (stakes) that constitute the charter capital of PJSC Magnit

DJ PJSC Magnit announces the termination of Dodge & Cox's right to dispose a certain number of votes attached to voting shares (stakes) that constitute the charter capital of PJSC Magnit

MAGNIT PJSC (MGNT) 
PJSC Magnit announces the termination of Dodge & Cox's right to dispose a 
certain number of votes attached to voting shares (stakes) that constitute 
the charter capital of PJSC Magnit 
 
03-Sep-2020 / 09:40 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press-Release | Krasnodar | September 3, 2020 
 
   PJSC Magnit announces the termination of Dodge & Cox's right to dispose a 
  certain number of votes attached to voting shares (stakes) that constitute 
                                          the charter capital of PJSC Magnit 
 
 Krasnodar, Russia (September 3, 2020): Magnit PJSC, one of Russia's leading 
 retailers (the "Company"; MOEX and LSE: MGNT), announces the termination of 
 Dodge & Cox's right to dispose a certain number of votes attached to voting 
         shares (stakes) that constitute the charter capital of PJSC Magnit. 
 
On September 2, 2020 PJSC Magnit received notification from Dodge & Cox (555 
       California Street, 40th floor, San Francisco, California, 94104, USA, 
       Principal State Registration Number C0368317; Taxpayer Identification 
    Number: 94-1441976) on the termination of the right to dispose a certain 
      number of votes attached to voting shares (stakes) that constitute the 
                          charter capital of PJSC Magnit on August 19, 2020. 
 
Type of the right of votes disposal: indirect disposal. 
 
Attribute of the right of votes disposal: sole disposal. 
 
The basis of termination of the right of votes disposal: trust management 
agreement. 
 
Number of shares and % in the charter capital before the basis of 
termination of the right of disposal: 5,144,652 shares (5.048%). 
 
Number of shares and % in the charter capital after the basis of termination 
of the right of disposal: 5,094,652 shares (4.9991%). 
 
 Date of the basis of termination of the right of disposal: August 19, 2020. 
 
                                    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 June 30, 2020, Magnit operated 38 distribution centres 
  and 20,894 stores (14,581 convenience, 472 supermarkets and 5,841 drogerie 
       stores) in 3,710 cities and towns throughout 7 federal regions of the 
                                                         Russian Federation. 
 
  In accordance with the reviewed IFRS 16 management accounts results for 1H 
    2020, Magnit had revenues of RUB 763.4 billion and an EBITDA of RUB 86.9 
     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.:   83437 
EQS News ID:    1126961 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

September 03, 2020 02:40 ET (06:40 GMT)