AGM Information • Apr 20, 2018
AGM Information
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20-Apr-2018 / 08:51 CET/CEST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
Press-release Krasnodar April 20, 2018
Krasnodar, Russia (April 20, 2018): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the results ofthe ExtraordinaryGeneralShareholders Meeting.
OnApril 19, 2018 the extraordinary generalshareholders meetings made the decision to elect the following members to the Board of Directors of PJSC "Magnit":
Magnit CEO Khachatur Pombukhchan commented on the decision oftheextraordinary generalshareholders meeting:
"I'mpleased with the fact that the majority ofthe Board membersare independent. Thiscomplies with the best global practices. Such a decisionwill enablethe Company to formand approvealong-termstrategy and it will boost the development ofthe management teamand the business overall".
Pleasefind belowdetailed information on theresults oftheextraordinary generalshareholders meeting.
Type ofthe generalmeeting (annual (ordinary),extraordinary) - extraordinary generalshareholders meeting; Formofthe generalmeeting - meeting (joint presence).
Meeting opening time: 11:00 amMoscowtime. Meeting closing time: 11:46 amMoscowtime.
Address to which thecompleted voting ballots were delivered: 15/5 Solnechnaya street, Krasnodar, 350072, Russia.
Number of votes on the Company's voting shares on each agenda item of the EGM, determined in accordance with the provisions of the clause 4.20 of the Regulations on the additional requirements to the procedure of preparation, calling and holding of the general shareholders meeting, approved by the order of the Federal Financial Markets Service of Russia as of February 2, 2012, No. 12-6/ pzn:
on theagendaitemNo.1 "Early termination of powers ofthe members ofPJSC "Magnit"Board ofDirectors "- 101,911,345 votes.
on theagendaitemNo.2 "Election of the members ofPJSC "Magnit"Board ofDirectors"- 713,379,415 votes.
on theagendaitemNo.1 "Early termination of powers ofthe members ofPJSC "Magnit"Board ofDirectors "- 73,940,830 votes.
on theagendaitemNo.2 "Election of the members ofPJSC "Magnit"Board ofDirectors"- 511,729,526 votes.
Quorumis present to adopt the decisions on alltheagendaitems of the ExtraordinaryGeneralShareholders Meeting of PJSC "Magnit".
«For» - 72,810,673 votes, which amounts to 98.4715%ofthetotal votes oftheshareholders participated in the generalmeeting and entitled to vote on this item;
«Against» - 881,823 votes, which amounts to 1.1926%of the total votes of the shareholders participated in the generalmeeting and entitled to vote on this item; «Abstained» - 239,330 votes, which amounts to 0.3237% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item.
Voting results:
"To early terminatethe powers ofthe members of the PJSC "Magnit"Board ofDirectors".
«For» - 510,394,766 votes, which amounts to 99.7392% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item; «Against» - 1,305,808 votes, which amounts to 0.2552% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item; «Abstained» - 28,952 votes, which amounts to 0.0057% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item.
Votes"For"each candidatecastas follows:
Gregor WilliamMowat - 50,762,802 votes; TimothyDemchenko - 52,623,163 votes; James Pat Simmons - 51,335,221 votes; AlexeyMakhnev - 52,336,956 votes; PaulMichaelFoley - 63,165,404 votes; Khachatur Pombukhchan - 8,605,340 votes; Ilya Sattarov - 5,161,235 votes; Charles Emmitt Ryan - 51,049,011 votes; OlegZherebtsov - 42,573,325votes; EvegenyKuznetsov - 45,555,143 votes; Alexander Prysyazhnyuk - 50,329,176 votes; Alexander Shevchuk - 36,897,950 votes.
"To elect thefollowing members to the Board of Directors of PJSC "Magnit":
The minutes w/o No.areexecuted as of April 19, 2017.
Identification characteristics of securities the holders of which are entitled to participate in the general shareholders meeting of the issuer : ordinary registered uncertified shares, stateregistration number
1-01-60525-P of 04.03.2004, InternationalSecurities IdentificationNumber (ISIN) RU000A0JKQU8.
| Timothy Post | Head ofInvestor Relations Email: [email protected] Office:+7-861-277-4554 x 17600 |
|---|---|
| Dina Svishcheva | DeputyDirector, Investor Relations Email:[email protected] Office:+7-861-277-4554 x 15101 |
| MediaInquiries | Media Relations Department [email protected] |
Public Joint Stock Company "Magnit"is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city ofKrasnodar. As ofDecember 31, 2017, Magnit operated 37 distribution centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family storesand 3,774 drogeriestores) in 2,709 citiesand towns throughout 7 federalregions ofthe Russian Federation.
In accordance with theaudited IFRS results for 2017, Magnit had revenues ofRUB 1,143 billion and an EBITDAofRUB 92 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 fromStandard &Poor's ofBB. Measured bymarketcapitalization, Magnit is one ofthelargest retailers inEurope.
ISIN: US55953Q2021 Category Code: MSCU TIDM: MGNT LEICode: 2534009KKPTVL99W2Y12 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5434
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