OJSC 'MAGNIT' (FRA:5M71) Magnit announces results of the Board meeting

Transparency directive : regulatory news

16/08/2021 12:00

MAGNIT PJSC (MGNT)
Magnit announces results of the Board meeting

16-Aug-2021 / 13:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Magnit announces results of the Board meeting

Krasnodar, Russia (August 16, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the results of the Board of Directors meeting held on August 13, 2021.

The Board considered shareholders' proposals regarding the nomination of candidates to be elected to the PJSC Magnit Board of Directors at the upcoming EGM of PJSC Magnit to be held on September 9, 2021 and approved the following list of candidates:

Naira Adamyan;
Pierre Wetli;
Alexander Vinokurov;
Timothy Demchenko;
Dmitry Dorofeev;
Jan Dunning;
Sergey Zakharov;
Walter Koch;
Karina Litvak;
Alexey Makhnev;
Gregor Mowat;
Charles Ryan;
Vsevolod Rozanov;
James Simmons.

The Board also approved the form and the text of the voting ballots for the EGM on the issues under consideration, as well as the wording of the decisions on the EGM agenda items, which are to be sent in electronic form to the nominal shareholders registered in the shareholder register of Magnit PJSC, and the position of the Board on the EGM agenda items.

Please follow the links below to view full results of the Board meeting:

http://www.e-disclosure.ru/portal/company.aspx?id=7671 (in Russian language);
https://www.magnit.com/ru/disclosure/regulatory-news/ (in Russian language);
https://www.magnit.com/en/disclosure/regulatory-news/#tabs-Disclosure (in English)

For further information, please contact:

Dina Chistyak

Head of Investor Relations
dina_chisty ak@magnit.ru

Office: +7 (861) 210 9810 x 15101

Media Inquiries Twitter

press@magnit.ru @MagnitIR

Note to editors

Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2021, Magnit operated 39 distribution centers and 22,344 stores (15,348 convenience, 469 supermarkets and 6,527 drogerie stores) in 3,802 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS 16 management accounts results for 1H 2021, Magnit had revenues of RUB 822.2 billion and an EBITDA of RUB 94.4 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 from Standard & Poor's of BB.


ISIN:	US55953Q2021
Category Code:	MSCU
TIDM:	MGNT
LEI Code:	2534009KKPTVL99W2Y12
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	120056
EQS News ID:	1226711


End of Announcement	EQS News Service

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