MAGNIT PJSC (MGNT)
Press Release Krasnodar May18, 2018
Magnit Announces the Summary of the BoD MeetingResults
Krasnodar, May18, 2018: Magnit PJSC, one of Russia's leading retailers(the "Company", MOEX and LSE: MGNT), announces the results of the Board of Directors meeting.
Please be informed that onMay17, 2018Magnit held a Board of Directors (BoD) meeting. The key decisions made at the meeting are as follows:
Registration: June 21, 2018 at 10:00 AM (Moscow time). Postal address to send the completed voting ballots: 15/5 Solnechnaya Street, Krasnodar, 350072, Russia.
Total amount of dividends - 13,808,988,602.50 rubles; Amount of dividends per share - 135.50rubles. The Dividend Record Date: July06, 2018.
Please follow the link below to view full results of the BoD meeting: http://ir.magnit.com/en/press-releases/reg-filings_2018/
For further information, please contact:
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 March 31, 2018, Magnit operated 37 distribution centers and 16,625 stores (12,283 convenience, 242 hypermarkets, 210 Magnit Family stores and 3,890 drogerie stores) in 2,764 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDA of RUB 92 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. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
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ISIN: | US55953Q2021 |
Category Code: | MSCU |
TIDM: | MGNT |
LEI Code: | 2534009KKPTVL99W2Y12 |
OAM Categories: | 2.2. Inside information |
Sequence No.: | 5561 |
EQS News ID: | 687505 |
End of Announcement | EQS News Service |