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Magnit
Board/Management Information • Jan 31, 2014
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Board/Management Information
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OJSC MAGNIT - OJSC "Magnit" announes the holding of the BoD meeting
PR Newswire
London, January 31
Press-releaseKrasnodarJanuary 31, 2014OJSC "Magnit" Announces the Holding of the BOD MeetingKrasnodar, January 31, 2014: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), is pleased to announce theholding of the Board of Directors meeting.On January 31, 2014 the Chairman of the Board of Directors made the decision tohold the BOD meeting on February 4, 2014 with the following agenda: 1. Consideration of proposals for the nomination of candidates to stand for election to the board of directors, the revision commission and the counting commission of OJSC "Magnit" at the annual general shareholders' meeting of OJSC "Magnit". 2. Consideration of proposals for the nomination of candidates to stand for election as the auditor of OJSC "Magnit" at the annual general shareholders' meeting of OJSC "Magnit". 3. Approval of the related party transactions. 4. Determination of OJSC "Magnit" business priorities. 5. Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on the Retail Import LLC shares in the charter capital owned by the Company.For further information, please contact:Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x7600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2013, Magnit hadrevenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.
