Press-release
Krasnodar
December 9, 2014
PJSC "Magnit" Announces the Holding of the BOD Meeting
Krasnodar, December 9, 2014: PJSC "Magnit", Russia's largest food retailer (the
"Company", MICEX and LSE: MGNT), is pleased to announce the holding of the
Board of Directors meeting.
On December 9, 2014 the Chairman of the Board of Directors made the decision to
hold the BOD meeting on
December 15, 2014 with the following agenda:
1. Approval of the related party transaction.
2. Approval of the additional agreement to the agreement with the person
exercising the power of the sole executive body of PJSC "Magnit".
3. Making of the decision to pay the bonus to the person exercising the power
of the sole executive body of PJSC "Magnit" based on the results of 2014.
4. Introduction (approval) of amendments to the Resolution authorizing
issuance of non-convertible interest-bearing certified bonds of the 02
series to the bearer with the obligatory centralized custody.
5. Introduction (approval) of amendments to the Resolution authorizing
issuance of non-convertible interest-bearing certified bonds of the 03
series to the bearer with the obligatory centralized custody.
6. Introduction (approval) of amendments to the Prospectus of non-convertible
interest-bearing certified bonds of the 01, 02, 03 series to the bearer
with the obligatory centralized custody in respect of non-convertible
interest-bearing certified bonds of the 02, 03 series to the bearer with
the obligatory centralized custody.
7. 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: 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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000
cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 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.