PJSC MAGNIT - EGM Results
December 19 2014 - 1:00AM
PR Newswire (US)
Press-release
Krasnodar
December 19, 2014
PJSC "Magnit" Announces the EGM Results
Krasnodar, December 19, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), announces the results of the
Extraordinary General Shareholders Meeting.
Please be informed that the EGM of PJSC "Magnit" was held on December 18, 2014.
Positive decisions were made by the general shareholders meeting on the
following agenda items put to a vote:
- to pay dividends on PJSC "Magnit" shares following the results of the 9
months of 2014 financial year;
- to approve major related party transactions.
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.
Copyright r 19 PR Newswire
Magnit PJSC (CE) (USOTC:MGJCL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Magnit PJSC (CE) (USOTC:MGJCL)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Magnit PJSC (CE) (OTCMarkets): 0 recent articles
More News Articles