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DGAP-UK-Regulatory News vom 05.10.2018

MAGNIT PJSC: PJSC 'Magnit' Announces the Holding of the BOD Meeting

MAGNIT PJSC (MGNT)

05-Oct-2018 / 09:55 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


Press Release | Krasnodar | October 05, 2018

 

PJSC "Magnit" Announces the Holding of the BOD Meeting

Krasnodar, Russia (05 October, 2018): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the holding of the Board of Directors meeting.

 

On October 04, 2018, the Chairman of the Board of Directors made the decision to hold the BOD meeting of PJSC "Magnit" on October 04, 2018 with the following agenda:

 

1. Consideration of the issues in relation to the development of Magnit Cosmetic and Pharmacy business lines.

2. Approval of amendments to the PJSC "Magnit" share buy-back programme.

 

 

For further information, please contact:

 

Dina Svishcheva Media Inquiries

Head of IR Media Relations Department

Email: [email protected] Email: [email protected]

Office: +7-861-277-4554 x 15101

 

 

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, 2018, Magnit operated 37 distribution centers and 16,960 stores (12,503 convenience, 244 hypermarkets, 213 supermarkets and 4,000 drogerie stores) in 2,808 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 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.




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