Press-release
Krasnodar
June 5,
2015
PJSC “Magnit” Announces the AGM
Results
Krasnodar, June 5, 2015:
PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX
and LSE: MGNT), announces the results of the Annual General
Shareholders Meeting.
Please be informed that the AGM of PJSC “Magnit” was held on
June 4, 2015.
Positive decisions were made by the General Shareholders Meeting
on the following agenda items put to a vote:
- the annual report of PJSC “Magnit” was adopted;
- the annual accounting (financial) reports of PJSC “Magnit”,
including the profit and loss statement, was adopted;
- allocation of profit (including payment (declaration) of
dividends) and loss of PJSC “Magnit” following 2014 financial year
results was approved;
- the Board of directors of PJSC “Magnit” was elected;
- the Revision commission of PJSC “Magnit” was elected;
- the auditor of PJSC “Magnit” in accordance with the Russian
accounting standards was approved;
- the auditor of PJSC “Magnit” in accordance with the IFRS was
approved;
- the Charter of PJSC “Magnit” in the new edition was
ratified;
- the Regulations on the Board of directors of PJSC “Magnit” in
the new edition were ratified;
- major related party transactions were approved;
- related party transactions were approved.
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 March 31, 2015, Magnit operated 28 distribution
centers and over 10,000 stores (8,581 convenience, 300
hypermarkets, and 1,239 drogerie stores) in approximately 2,180
cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial
statements for 2014, Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's local shares are traded
on the Moscow Stock 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.