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PJSC Magnit Announces the Board of Directors' Resolutions

·3-min read

MAGNIT PJSC (MGNT)
18-Feb-2021 / 09:59 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Press Release | Krasnodar | February 18, 2021

 

PJSC Magnit Announces the Board of Directors' Resolutions

 

Krasnodar, Russia (February 18, 2021): 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 February 17, 2021.

 

The Board of Directors of the Company has considered the shareholders' proposals and included the following candidates into the list of nominees to PJSC Magnit Board of Directors to be elected at the AGM of PJSC Magnit following 2020 results:

 

The Board of Directors has approved the PJSC "Magnit" Corporate Strategy 2021-2025.

The Board of Directors of the Company has also approved the Short-Term Incentive Program (STIP) and the Key Performance Indicators (KPIs) for the President and members of the Management Board of PJSC Magnit for 2021, as well as the KPIs for the head of the structural division carrying out internal audit for 2021.

 

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

PJSC Magnit Corporate Strategy 2021-2025 will be published soon at the following web pages:

 

 

 

 

 

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 December 31, 2020, Magnit operated 38 distribution centres and 21,564 stores (14,911 convenience, 470 supermarkets and 6,183 drogerie stores) in 3,752 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS 16 management accounts results for FY 2020, Magnit had revenues of RUB 1,553.8 billion and an EBITDA of RUB 178.2 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:

2.2. Inside information

Sequence No.:

93795

EQS News ID:

1169225


 

End of Announcement

EQS News Service

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