Public Joint Stock Magnit : PJSC 'Magnit' Announces the Results of the BOD Meeting, Including the Decision to Call the EGM and Determination of the Record Date

MAGNIT PJSC (MGNT) PJSC 'Magnit' Announces the Results of the BOD Meeting, Including the Decision to Call the EGM and Determination of the Record Date 18-Nov-2019 / 09:46 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 | November18, 2019   PJSC Magnit Announces the Boardof Directors' Resolutions, Including the Decision to Call the EGM and Determination of the Record Date   Krasnodar, Russia (November18, 2019):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 November 15, 2019.   The Board has made a decision to call the Extraordinary General Shareholders Meeting in the form of absentee voting. Among other items, the agenda will include the consideration of the dividendpaymentin January 2020, based on the 9M 2019 financial results. TheBoardhasrecommendedtopaydividendsonPJSCMagnit shares in the amountofRUB 15,000,332,342.45 which constitutes RUB 147.19 per one ordinary share, and set January10, 2020 as a dividend record date.   The EGM record rate: November 29, 2019. Voting ballots acceptance deadline: December 24, 2019. Postal address to send the completed voting ballots: 15/5 Solnechnaya Street, Krasnodar, 350072, Russia.   The Board approved the payment of JSC Tander dividends in the total amount of RUB 20billion (RUB 2 per one ordinary share of JSC Tander)based on the 9M 2019 financial results. PJSC Magnit is the sole shareholder of JSC Tander. The dividend payment of the subsidiary (JSC Tander) will generate the profit for the parent company (PJSC Magnit) that may be used to pay dividends to PJSC Magnit shareholders in future.   Items of the agenda of PJSC "Magnit" Board of Directors are related to the exercise of rights on ordinary registered uncertified shares, state registration number 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8.   Please follow the link below to read the full text of the Board decisions: http://ir.magnit.com/en/information-disclosure/material-facts/                   This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into  effect on 3 July 2016. For further information, please contact: Dmitry Kovalenko Director for Investor Relations Email: [e-mail] Office: [phone]   Dina Chistyak Director for Investor Relations Email: [e-mail] Office: [phone] x 15101   Media Inquiries Media Relations Department Email: [e-mail]     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, 2019, Magnitoperated 38 distribution centres and 20,497 stores (14,507 convenience, 467 supermarkets and 5,523drogerie stores) in 3,694 cities and towns throughout 7 federal regions of the Russian Federation.   In accordance with the unaudited IFRS management accounts for 9M 2019, Magnithad revenues of RUB 1,000billion and an EBITDA of RUB 63 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.   Forward-looking statements:   This document contains forward-looking statements that may or may not prove accurate. For example, statements regarding expected sales growth rate, store openings and future transactions are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Magnit as of the date of the statement. All written or oral forward-looking statements attributable to Magnitare qualified by this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

ISIN:	US55953Q2021
Category Code:	MSCU
TIDM:	MGNT
LEI Code:	2534009KKPTVL99W2Y12
OAM Categories:	2.2. Inside information
Sequence No.:	29713
EQS News ID:	914885

End of Announcement	EQS News Service