Magnit : PJSC 'Magnit' Announces the Results of the BOD Meeting

MAGNIT PJSC (MGNT) PJSC 'Magnit' Announces the Results of the BOD Meeting 17-Jan-2019 / 09:58 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press Release | Krasnodar | January17, 2019   PJSC "Magnit" Announces the Results of the BOD Meeting Krasnodar, Russia (17January, 2019): Magnit PJSC (MOEX and LSE: MGNT; "Company", "Issuer"), one of Russia's leading retailers, announces the results of the Board of Directors meeting held on January16, 2019.   Please be informed that on January16, 2019 the BOD meeting was held (minutes of the BOD meeting of PJSC "Magnit" are w/o No. of January16, 2019).   The meeting agenda:   1. Determination of the number of members of PJSC "Magnit" Management Board. 2. Election of the PJSC "Magnit" collegial executive body (Management Board) member. 3.Approval of the contract form with a member of the Management Board of PJSC "Magnit". 4.Determination of an authorized person to sign the contract with PJSC "Magnit" Management Board member on behalf of the Company. 5. Approval of the additional agreements to the agreement with the person exercising the power of the sole executive body of PJSC "Magnit".   7 (seven) of the 7 (seven) BOD members participating in the BOD meeting were present.   Quorum to hold the BOD meeting with this agenda is present.   Voting Results: Item 1-2 MowatGregor William - "for", Demchenko Timothy - "for", SimmonsJames Pat - "for", Makhnev Alexey Petrovich - "for", FoleyPaul Michael - "for", Prysyazhnyuk Alexander Mikhailovich - "for", Ryan Charles Emmitt - "for". Item 3 MowatGregor William - "for", Demchenko Timothy - "for", SimmonsJames Pat - "for", Makhnev Alexey Petrovich - "for", FoleyPaul Michael - "for", Prysyazhnyuk Alexander Mikhailovich - "against", Ryan Charles Emmitt - "for". Item 4 MowatGregor William - "for", Demchenko Timothy - "for", SimmonsJames Pat - "for", Makhnev Alexey Petrovich - "for", FoleyPaul Michael - "for", Prysyazhnyuk Alexander Mikhailovich - "for", Ryan Charles Emmitt - "for". Item 5 MowatGregor William - "for", Demchenko Timothy - "for", SimmonsJames Pat - "for", Makhnev Alexey Petrovich - "for", FoleyPaul Michael - "for", Prysyazhnyuk Alexander Mikhailovich - "against", Ryan Charles Emmitt - "for".   The decisions were made.   Content of the decisions:   The decision made on the Item 1 on the agenda: "To determine the quantitative composition of PJSC "Magnit" Management Board as consisting of 9 individuals from January 16, 2019".   The decision made on the Item 2 on the agenda:   "To elect Jan GezinusDunning as a member of the PJSC "Magnit" Management Board upon the obtaining of work permit".   The share of the member in the charter capital of the issuer, and the share of ordinary shares of the issuer owned by this member: - Jan Gezinus Dunning - 0 %.   The decision made on the Item 3 on the agenda:   "To approve the labor contract form with a member of the Management Board of PJSC "Magnit" Jan GezinusDunning".   The decision made on the Item 4 on the agenda:   "To authorize Foley Paul Michael, the Deputy Chairman of the Board of Directors, to sign the labor contract with Jan GezinusDunningon behalf of the Company".   The decision made on the Item 5 on the agenda:   "To approve two additional agreements to the labor agreement with the person exercising the power of the sole executive body of PJSC "Magnit".         For further information, please contact:   Petr Molchanov     Media Inquiries Chief Investment Officer   Media Relations Department Email: [e-mail]   Email: [e-mail] Office: [phone] x 45000       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 September 30, 2018, Magnit operated 37 distribution centers and 17,442 stores (12,813 convenience, 457 supermarkets and 4,172drogerie stores) in 2,866 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the reviewed IFRS consolidated financial statements for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 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.:	7184
EQS News ID:	766949

End of Announcement	EQS News Service