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Regulatory Filings • Sep 23, 2015
6413_rns_2015-09-23_308138e0-e45c-4498-8fe0-aefb61791d11.html
Regulatory Filings
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PJSC MAGNIT - Holding of BoD Meeting
PR Newswire
London, September 23
Press-release
Krasnodar
September 23, 2015
PJSC “Magnit” Announces the Holding of the BOD Meeting
Krasnodar, September 23, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, MOEX and LSE: MGNT), is pleased to announce the holding of the Board of Directors meeting.
On September 23, 2015 the Chairman of the Board of Directors made the decision to hold the BOD meeting on September 28, 2015 with the following agenda:
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Approval of the Program of the PJSC “Magnit” exchange-traded bonds.
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Approval of the Prospectus of the PJSC “Magnit” exchange-traded bonds.
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Determination of PJSC “Magnit” business priorities.
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Approval of the related party transactions.
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Determination of the position of the PJSC “Magnit” representative at the exercise of the voting right on the JSC “Tander” shares owned by the Company.
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: +7-861-277-4562 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
| Media Inquiries | PR and GR Department [email protected] |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock 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+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
