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PJSC Magnit notifies on the transactions by persons discharging managerial responsibilities and persons clearly associated with them (PDMR/PCA)

·4-min read

MAGNIT PJSC (MGNT)
09-Feb-2021 / 18:30 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

PJSC Magnit notifies on the transactions by persons discharging managerial responsibilities and persons clearly associated with them (PDMR/PCA)

 

Krasnodar, Russia (9 February, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, the Group), one of Russia's leading retailers, announces the change of stake of ordinary shares in the charter capital of PJSC Magnit owned by Jan Gezinus Dunning, CEO, President, Chairman of the Management Board, member of the Board of Directors of PJSC Magnit, and the change of share by JSC Tander (a subsidiary of the Company).

On February 8, 2021 as part of the fulfillment of obligations under the employment contract dated January 18, 2019, JSC Tander made the third (last) payment and transferred the remaining 25% of the fixed number of shares - 41,178 ordinary shares of PJSC Magnit - to Jan Dunning. His share in the charter capital of PJSC Magnit increased to 0.216623%.

On February 9, 2021 the Company was notified on the following changes of the share in the charter capital and the stake of ordinary shares owned Jan Gezinus Dunning, CEO and President (Chairman of the Management Board, member of the Board of Directors) of PJSC Magnit.

Date of change

Share in the charter capital before change

Ordinary shares stake before change

Share in the charter capital after change

Ordinary shares stake after change

February 8, 2021

0.176217% (including 46,226 GDRs, which certify the rights in relation to ordinary shares of PJSC "Magnit" at a ratio of 5 GDRs per 1 ordinary share)

0.167145%

0.216623% (including 46,226 GDRs, which certify the rights in relation to ordinary shares of PJSC "Magnit" at a ratio of 5 GDRs per 1 ordinary share)

0.207551%

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities/person closely associated

а)

Name

Jan Gezinus Dunning

2

Reason for the notification

а)

 

Position/status

CEO, President, Chairman of the Management Board, member of the Board of Directors of PJSC "Magnit"

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer

а)

Name

Public Joint Stock Company "Magnit"

b)

LEI

2534009KKPTVL99W2Y12

4.1

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

а)

Description of the financial instrument, type of instrument Identification code

Share

ISIN RU000A0JKQU8

b)

 

Nature of the transaction

Acquisition of PJSC "Magnit" shares under the Shares Purchase Agreement executed with JSC "Tander" pursuant to the terms of the Labor contract No. w/o dated January 18, 2019 executed between Dunning Jan Gezinus and Public Joint Stock Company "Magnit".

c)

 

Price(s) and volume(s)

Price (RUB)

volume

5,024.00

41,178

 

d)

Aggregated information

 - Aggregated volume

 - Price

Price (RUB)

Aggregated volume

5,024.00

41,178

 

e)

 

Date of the transaction execution

 

February 8, 2021

f)

 

Place of the transaction

 

outside a trading venue

 

Full company name and address:

 

Joint Stock Company Tander

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:

2310031475

Principal State Registration Number:

1022301598549

Object of disposal:

Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Securities Identification Number (ISIN) RU000A0JKQU8

Date of disposal:

February 8, 2021

Amount of disposed shares:

41,178 shares (0.040406% of the total equity)

Basis for disposal:

Shares Purchase Agreements concluded with Jan Gezinus Dunning for the purposes of fulfilling the obligations under the employment contract w/No dated January 18, 2019, concluded between Jan Gezinus Dunning and PJSC Magnit.

Amount of votes before disposal:

4,246,498 votes (4.166855% of the total number of votes)

Amount of votes after disposal:

4,205,320 votes (4.126449% of the total number of votes)

 

 

 

 

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

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:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

93286

EQS News ID:

1167121


 

End of Announcement

EQS News Service

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