17th Jun 2016 07:53
PJSC MAGNIT - Holding of BoD MeetingPJSC MAGNIT - Holding of BoD Meeting
PR Newswire
London, June 17
Press-release
Krasnodar
June 17, 2016
PJSC “Magnit” Announces the Holding of the BOD Meeting
Krasnodar, June 17, 2016: 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 June 16, 2016 the Chairman of the Board of Directors made the decision to hold the BOD meeting on June 22, 2016 with the following agenda:
Election of the Chairman of the Board of Directors of PJSC “Magnit”.
Election of the Deputy Chairman of the Board of Directors of PJSC “Magnit”.
Election of the Secretary of the Board of Directors of PJSC “Magnit”.
Formation of the Audit Committee of the Board of Directors of PJSC “Magnit”.
Election of the Chairman of the Audit Committee of the Board of Directors of PJSC “Magnit”.
Formation of the HR and Remuneration Committee of the Board of Directors of PJSC “Magnit”.
Election of the Chairman of the HR and Remuneration Committee of the Board of Directors of PJSC “Magnit”.
Election of the Management Board of PJSC “Magnit”.
Approval of the Program of PJSC “Magnit” exchange-traded bonds.
Approval of the Prospectus of PJSC “Magnit” exchange-traded bonds.
Approval of the related party transaction.
Determination of PJSC “Magnit” business priorities.
Determination of the auditor’s amount of remuneration.
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department [email protected] |
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, 2016, Magnit operated 34 distribution centers and about 12,434 stores (9,715 convenience, 382 hypermarkets, and 2,337 drogerie stores) in 2,385 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.
Related Shares:
MGNT.L