Press-release
Krasnodar
March 31, 2015
PJSC "Magnit" Announces the Holding of the BOD Meeting
Krasnodar, March 31, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company", MOEX and LSE: MGNT), is pleased to announce the holding of the Board
of Directors meeting.
On March 31, 2015 the Chairman of the Board of Directors made the decision to
hold the BOD meeting on April 6, 2015 with the following agenda:
1. Preliminary approval of the PJSC "Magnit" annual report.
2. Approval of recommendations to the PJSC "Magnit" General shareholders
meeting on distribution of profit and losses of the Company following 2014
financial year results, including the dividend amount on shares of the
Company, the procedure of its payment and on the dividend record date.
3. Calling of the annual general shareholders meeting ("the AGM") of PJSC
"Magnit".
4. Determination of the form of holding of the AGM of PJSC "Magnit".
5. Determination of the date, time and venue of the AGM of PJSC "Magnit" and
the postal address to which the completed voting ballots shall be
delivered.
6. Determination of the PJSC "Magnit" AGM record date.
7. Determination of the agenda of the AGM of PJSC "Magnit".
8. Determination of the procedure of notification of shareholders of the
holding of the AGM of PJSC "Magnit".
9. Determination of the list of information (materials) provided to
shareholders to prepare to the holding of the AGM of PJSC "Magnit", and the
procedure of its provision.
10. Determination of the form and the text of the voting ballots on the items
to be considered at the AGM of PJSC "Magnit".
11. Approval of the list of candidates to be elected to the PJSC "Magnit" Board
of Directors at the AGM of the Company.
12. Approval of the list of candidates to be elected to the PJSC "Magnit" Audit
commission at the AGM of the Company.
13. Determination of the amount of remuneration for the PJSC "Magnit" auditor's
services.
14. Determination of the recommended price for major related party transactions
to be approved by the AGM of PJSC "Magnit".
15. Determination of the recommended price for related party transactions to be
approved by the AGM of PJSC "Magnit".
16. Extension of the powers of the Chief executive officer of PJSC "Magnit" for
another term.
17. Determination of PJSC "Magnit" business priorities.
18. Determination of the position of the PJSC "Magnit" representative at the
exercise of the voting right on the Retail Import LLC shares in the charter
capital owned by the Company.
19. Determination of the position of the PJSC "Magnit" representative at the
exercise of the voting right on the LLC "Alkotrading" shares in the charter
capital owned by the Company.
20. Determination of the position of the PJSC "Magnit" representative at the
exercise of the voting right on the LLC "Tandem" shares in the charter
capital owned by the Company.
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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 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.