MAGNIT PJSC (MGNT)
Press Release | Krasnodar | February 07, 2019
PJSC "Magnit" Reports on Transactions within the Share Buy-Back Programme
Krasnodar, Russia (February 07, 2019): Magnit PJSC (MOEX and LSE: MGNT) (the "Company"), one of Russia's leading retailers, announces that Renaissance Broker LLC ("Renaissance") has, between January 31, 2019 and February 06, 2019, made purchases of the Company's ordinary shares (ISIN: RU000A0JKQU8) (the "Shares") on the Moscow Exchange pursuant to the Company's share buyback programme announced on August 21, 2018 subject to the amendments announced on October 5, 2018 (the "Programme"). Aggregated and detailed information regarding such purchases is set out below.
The Shares have been or will be sold by Renaissance to JSC Tander (a subsidiary of the Company) at a price linked to the average price on the Moscow Exchange for the buy-back period, determined in accordance with the terms agreed between Tander and Renaissance.
Schedule of Purchases:
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a full breakdown of the individual trades conducted by Renaissance under the Programme during the period to which this announcement relates is available on the pages linked below:
The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.
For further information, please contact
Dmitry Kovalenko Media Inquiries
Director for Investor Relations Media Relations Department
Email: firstname.lastname@example.org Email: email@example.com
Office: + 7 (861) 210-98-10 x 46082
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 December 31, 2018, Magnit operated 37 distribution centers and 18,399 stores (13,427 convenience, 467 supermarkets and 4,505 drogerie stores) in 2,976 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2018, Magnit had revenues of RUB 1,237 billion and an EBITDA of RUB 90 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.
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