PRESS RELEASE

from OJSC 'Magnit' (isin : US55953Q2021)

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

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

24-Nov-2020 / 16:30 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 (24 November, 2020): Magnit PJSC (MOEX and LSE: MGNT; the Company, the Group), one of Russia's leading retailers, announces the change of stake in the charter capital of PJSC Magnit owned by Jan Gezinus Dunning, CEO, President, Chairman of the Management Board and member of the Board of Directors of PJSC Magnit.

 

On November 24, 2020 the Company was notified on the following changes:

Name

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

Jan Gezinus Dunning

November 23, 2020

0.167145%

0.167145%

0.173825%[1]

0.167145%

[1] including 34,035 Global Depositary Receipts ("GDRs"), which certify the rights in relation to ordinary shares of PJSC "Magnit" at a ratio of 5 GDRs per 1 ordinary share.

 

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 and 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

Global depositary receipts

ISIN US55953Q2021

b)

 

Nature of the transaction

Acquisition of PJSC "Magnit" global depositary receipts

c)

 

Price(s) and volume(s)

Price (EUR)

volume

12.7649786983987

34,035

 

d)

Aggregated information

 - Aggregated volume

 - Price

Price (EUR)

Aggregated volume

12.7649786983987

34,035

 

e)

 

Date of the transaction

 

November 23, 2020

f)

 

Place of the transaction

 

outside a trading venue

 

 

 

 

 

 

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 September 30, 2020, Magnit operated 38 distribution centres and 21,154 stores (14,699 convenience, 469 supermarkets and 5,986 drogerie stores) in 3,819 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS 16 management accounts results for 1H 2020, Magnit had revenues of RUB 763.4 billion and an EBITDA of RUB 86.9 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.:88428
EQS News ID:1150276

 
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