OJSC 'MAGNIT' (FRA:5M71) PJSC Magnit Announces the Board of Directors' Resolutions
Transparency directive : regulatory news
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MAGNIT PJSC (MGNT)
Press Release | Krasnodar | December 24, 2020 PJSC Magnit Announces the Board of Directors' Resolutions
Krasnodar, Russia (December 24, 2020): Magnit PJSC (MOEX and LSE: MGNT; "Company"), one of Russia's leading retailers, announces the resolutions of the Board of Directors taken at the meeting held on December 23, 2020.
The Board of Directors of the Company has considered items related to operations of the Company's structural division responsible for Internal Audit, and to the performance of the Internal Control and Risk Management System of PJSC "Magnit" and its subsidiaries.
Please follow the link below to view full results of the Board meeting:
For further information, please contact:
Dmitry Kovalenko Director for Investor Relations Email: dmitry_kovalenko@magnit.ru Office: +7 (861) 210-48-80
Dina Chistyak Director for Investor Relations Email: dina_chistyak@magnit.ru Office: +7 (861) 210-9810 x 15101
Media Inquiries Media Relations Department Email: press@magnit.ru
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 September 30, 2020, Magnit operated 38 distribution centres and 21,154 stores (14,699 convenience, 469 supermarkets and 5,986 drogerie stores) in 3,819 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS 16 management accounts results for 1H 2020, Magnit had revenues of RUB 763.4 billion and an EBITDA of RUB 86.9 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.
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| 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.: | 90378 |
| EQS News ID: | 1157445 |
| End of Announcement | EQS News Service |
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