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Magnit
Transaction in Own Shares • Feb 28, 2019
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Transaction in Own Shares
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MAGNIT PJSC (MGNT)
Aggregated information on transactions with the shares of PJSC 'Magnit' within the share buy-back programme for the period from 21.02.2019 to 27.02.2019
28-Feb-2019 / 17:52 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press Release | Krasnodar | February 28, 2019
PJSC "Magnit" Reports on Transactions within the Share Buy-Back Programme
Krasnodar, Russia (February 28, 2019): Magnit PJSC (MOEX and LSE: MGNT) (the "Company"), one of Russia's leading retailers, announces that Renaissance Broker LLC ("Renaissance") has, between February 21, 2019 and February 27, 2019, made purchases of the Company's ordinary shares (ISIN: RU000A0JKQU8) (the "Shares") on the Moscow Exchange pursuant to the Company's share buyback programme announced on August 21, 2018 subject to the amendments announced on October 5, 2018 (the "Programme"). Aggregated and detailed information regarding such purchases is set out below.
The Shares have been or will be sold by Renaissance to JSC Tander (a subsidiary of the Company) at a price linked to the average price on the Moscow Exchange for the buy-back period, determined in accordance with the terms agreed between Tander and Renaissance.
Aggregated Information
| Date | Shares purchased | Highest price paid per Share | Lowest price paid per Share | VWAP per Share |
| (RUB) | ||||
| 2019-02-21 | 23,686 | 3,989.00 | 3,945.00 | 3,969.16 |
| 2019-02-22 | 22,460 | 3,982.00 | 3,949.50 | 3,967.76 |
| 2019-02-25 | 31,553 | 3,984.00 | 3,913.50 | 3,945.17 |
| 2019-02-26 | 34,761 | 3,938.00 | 3,850.50 | 3,888.30 |
| 2019-02-27 | 30,823 | 3,896.00 | 3,795.50 | 3,835.16 |
Schedule of Purchases:
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a full breakdown of the individual trades conducted by Renaissance under the Programme during the period to which this announcement relates is available on the pages linked below:
- http://ir.magnit.com/en/information-disclosure/reports-on-buy-back/ (in english);
- http://ir.magnit.com/ru/raskryitie-informatsii/soobshheniya-na-etapah-protseduryi-obratnogo-vyikupa-aktsiy/ (in russian);
- http://www.e-disclosure.ru/portal/files.aspx?id=7671&type=10 (in russian)
The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.
For further information, please contact
Dmitry Kovalenko Media Inquiries
Director for Investor Relations Media Relations Department
Email: [email protected] Email: [email protected]
Office: + 7 (861) 210-98-10 x 46082
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 December 31, 2018, Magnit operated 37 distribution centers and 18,399 stores (13,427 convenience, 467 supermarkets and 4,505 drogerie stores) in 2,976 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2018, Magnit had revenues of RUB 1,237 billion and an EBITDA of RUB 90 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.: | 7672 |
| EQS News ID: | 782503 |
| End of Announcement | EQS News Service |