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Magnit
Declaration of Voting Results & Voting Rights Announcements • Sep 25, 2014
6413_egm_2014-09-25_e8ade9c6-9f70-4996-81fa-52dcc33f1134.html
Declaration of Voting Results & Voting Rights Announcements
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OJSC MAGNIT - EGM Results
PR Newswire
London, September 25
Press-releaseKrasnodarSeptember 25, 2014OJSC "Magnit" Announces the EGM ResultsKrasnodar, September 25, 2014: OJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), announces the results of theExtraordinary General Shareholders Meeting.Please be informed that the EGM of OJSC "Magnit" was held on September 25, 2014.Positive decisions were made by the general shareholders meeting on thefollowing agenda items put to a vote:- to pay dividends on OJSC "Magnit" shares following the results of the 6 months of 2014 financial year;- to ratify the Charter of OJSC "Magnit" in the new edition;- to ratify the Regulation on the General shareholders meeting of OJSC "Magnit" in the new edition;- to approve major related party transactions;- to approve related party transactions.For further information, please contact:Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 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 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 citiesand towns throughout 7 federal regions of the Russian Federation.In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.
