MAGNIT ANNOUNCES THE RESULTS OF THE BOARD MEETING

In accordance with the unaudited IFRS 16 management accounts results for 1H 2021, Magnit had revenues of RUB 822.2 billion and an EBITDA of RUB 94.4 billion.

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EQSEQS
Retrieved on: 
Wednesday, September 22, 2021
Information
Tags: 
BB, RUB, Standard, Dm-drogerie markt, City, MOEX, Joint-stock company, LSE, EBITDA, Forward-looking statement, London, London Stock Exchange, Supermarket, IFRS 16, Bank
Geotags: 
KRASNODAR, RUSSIA, MOSCOW
Summary
Key Points: 
  • In accordance with the unaudited IFRS 16 management accounts results for 1H 2021, Magnit had revenues of RUB 822.2 billion and an EBITDA of RUB 94.4 billion.
  • 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 Magnit are qualified by this caution.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.



MAGNIT PJSC (MGNT)


MAGNIT ANNOUNCES THE RESULTS OF THE BOARD MEETING

22-Sep-2021 / 09:50 MSK

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Magnit announces the results of the Board meeting

 

Krasnodar, Russia (22 September, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the results of the Board of Directors meeting held on September 20, 2021.

Charles Ryan was elected Chairman of the Board of Directors of PJSC Magnit and James Simmons as Deputy Chairman. Ilya Sokolov was elected Board Secretary.

The following directors were elected to the Audit Committee: Vsevolod Rozanov (Chairman), James Simmons, Pierre-Laurent Wetli.

The following directors were elected to the HR and Remuneration Committee: James Simmons (Chairman), Naira Adamyan, Walter Koch.

The following directors were elected to the Strategy Committee: Vsevolod Rozanov, James Simmons, Naira Adamyan, Pierre-Laurent Wetli, Walter Koch (Chairman).

The following directors were elected to the Capital Markets Committee: Vsevolod Rozanov, Walter Koch, Charles Ryan (Chairman).

 

 

 

 

Please follow the links below to view more details of the BOD decisions:

 

 

 

 

 

For further information, please contact:

 

 

Dina Chistyak

Head of Investor Relations 
dina_chisty[email protected]

Office: +7 (861) 210 9810 x 15101

 

Media Inquiries                    Twitter

[email protected]                    @MagnitIR

 

 

 
     

 

 

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 June 30, 2021, Magnit operated 39 distribution centers and 22,344 stores (15,348 convenience, 469 supermarkets and 6,527 drogerie stores) in 3,802 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS 16 management accounts results for 1H 2021, Magnit had revenues of RUB 822.2 billion and an EBITDA of RUB 94.4 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 or may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected sales growth rate and/or store openings 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 Magnit are 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: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 122687
EQS News ID: 1235112



 
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