Magnit

Board/Management Information • Mar 31, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

PJSC MAGNIT - Holding of BOD Meeting

PR Newswire

London, March 31

Press-releaseKrasnodarMarch 31, 2015PJSC "Magnit" Announces the Holding of the BOD MeetingKrasnodar, March 31, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company", MOEX and LSE: MGNT), is pleased to announce the holding of the Boardof Directors meeting.On March 31, 2015 the Chairman of the Board of Directors made the decision tohold the BOD meeting on April 6, 2015 with the following agenda: 1. Preliminary approval of the PJSC "Magnit" annual report. 2. Approval of recommendations to the PJSC "Magnit" General shareholders meeting on distribution of profit and losses of the Company following 2014 financial year results, including the dividend amount on shares of the Company, the procedure of its payment and on the dividend record date. 3. Calling of the annual general shareholders meeting ("the AGM") of PJSC "Magnit". 4. Determination of the form of holding of the AGM of PJSC "Magnit". 5. Determination of the date, time and venue of the AGM of PJSC "Magnit" and the postal address to which the completed voting ballots shall be delivered. 6. Determination of the PJSC "Magnit" AGM record date. 7. Determination of the agenda of the AGM of PJSC "Magnit". 8. Determination of the procedure of notification of shareholders of the holding of the AGM of PJSC "Magnit". 9. Determination of the list of information (materials) provided to shareholders to prepare to the holding of the AGM of PJSC "Magnit", and the procedure of its provision.10. Determination of the form and the text of the voting ballots on the items to be considered at the AGM of PJSC "Magnit".11. Approval of the list of candidates to be elected to the PJSC "Magnit" Board of Directors at the AGM of the Company.12. Approval of the list of candidates to be elected to the PJSC "Magnit" Audit commission at the AGM of the Company.13. Determination of the amount of remuneration for the PJSC "Magnit" auditor's services.14. Determination of the recommended price for major related party transactions to be approved by the AGM of PJSC "Magnit".15. Determination of the recommended price for related party transactions to be approved by the AGM of PJSC "Magnit".16. Extension of the powers of the Chief executive officer of PJSC "Magnit" for another term.17. Determination of PJSC "Magnit" business priorities.18. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the Retail Import LLC shares in the charter capital owned by the Company.19. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the LLC "Alkotrading" shares in the charter capital owned by the Company.20. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the LLC "Tandem" shares in the charter capital owned by the Company.For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru 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 December 31,2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately2,100 cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financial statements for 2014,Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.