Press-release
Krasnodar
June 2, 2014
OJSC "Magnit" Announces the Holding of the BOD Meeting
Krasnodar, June 2, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company", the "Issuer", MICEX and LSE: MGNT), is pleased to announce the
holding of the Board of Directors meeting.
On June 2, 2014 the Chairman of the Board of Directors made the decision to
hold the BOD meeting on June 3, 2014 with the following agenda:
1. Election of the Chairman of the Board of Directors of OJSC "Magnit".
2. Election of the Deputy Chairman of the Board of Directors of OJSC "Magnit".
3. Election of the Secretary of the Board of Directors of OJSC "Magnit".
4. Formation of the audit committee of the Board of Directors of OJSC
"Magnit".
5. Election of the Chairman of the audit committee of the Board of Directors
of OJSC "Magnit".
6. Formation of the HR and remuneration committee of the Board of Directors of
OJSC "Magnit".
7. Election of the Chairman of the HR and remuneration committee of the Board
of Directors of OJSC "Magnit".
8. Election of the Management Board of OJSC "Magnit".
9. Determination of the position of the OJSC "Magnit" representative at the
exercise of the voting right on shares of JSC "Tander" owned by the
Company.
10. Determination of the position of the OJSC "Magnit" representative at the
exercise of the voting right on the Retail Import LLC 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: +7-861-277-4562
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562
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 March 31, 2014,
Magnit operated 23 distribution centers and over 8,200 stores (7,341
convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and
towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.
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 credit rating
from Standard & Poor's of BB. Measured by market capitalization, Magnit is one
of the largest retailers in Europe.