PJSC Magnit
MAGNIT PJSC: Material Fact
MAGNIT PJSC / Miscellaneous – High Priority
Press Release Krasnodar September 21, 2017
PJSC “Magnit” notifies on the transactions by persons discharging managerial responsibilities and persons closely associated with them
Krasnodar, Russia (September 21, 2017): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), notifies on the transactions by persons discharging managerial responsibilities and persons closely associated with them.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
For further information, please contact:
Company description: 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 June 30, 2017, Magnit operated 35 distribution centers and 14,844 stores (11,114 convenience, 430 hypermarkets and 3,300 drogerie stores) in 2,567 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 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+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
ISIN: | US55953Q2021 |
Category Code: | MSCH |
TIDM: | MGNT |
Sequence No.: | 4647 |
End of Announcement | EquityStory.RS, LLC News Service |