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: 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 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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(END) Dow Jones Newswires
September 10, 2020 06:40 ET (10:40 GMT)
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