MAGNIT PJSC: Magnit announces the results of the Board meeting

DJ MAGNIT PJSC: Magnit announces the results of the Board meeting

MAGNIT PJSC (MGNT) 
MAGNIT PJSC: Magnit announces the results of the Board meeting 
 
10-Sep-2020 / 13:40 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 10, 2020 
 
Magnit announces the results of the Board meeting 
************************************************* 
 
Krasnodar, Russia (September 10, 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 the meeting of the Board of Directors was held on 
              September 9, 2020 (minutes are w/o No. of September 10, 2020). 
 
The Board approved the payment of JSC "Tander" dividends in the amount of 25 
 billion Rubles (2.50 Rubles per one ordinary share) to PJSC "Magnit" as its 
                                                           sole shareholder. 
 
     Please follow the link below to view full results of the Board meeting: 
 
? http://www.e-disclosure.ru/portal/company.aspx?id=7671 (in Russian 
language); 
 
? https://www.magnit.com/ru/disclosure/regulatory-news/ [1] (in Russian 
language); 
 
? https://www.magnit.com/en/disclosure/regulatory-news/tabs-Disclosure 
[2] (in English) 
 
                                    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 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.:   83890 
EQS News ID:    1129901 
 
End of Announcement EQS News Service 
 
 
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2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=7cff4f1b38b4ac78775b60293a39af6b&application_id=1129901&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

September 10, 2020 06:40 ET (10:40 GMT)