Magnit

Cancellation of the listing and admission to trading of the GDRs representing PJSC Magnit shares from the London Stock Exchange

Retrieved on: 
Tuesday, August 30, 2022

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • The Company also announces that the deposit agreement it entered into with JPMorgan Chase Bank, N.A.
  • on February 20, 2008 (the Deposit Agreement) pursuant to which the GDRs were issued, was terminated with effect from August 26, 2022.
  • Holders of depositary receipts should make an independent decision on how to act in connection with the published statement and, if necessary, contact their investment, legal and other advisors.

Magnit has notified the Custodian of the need to conduct automatic conversion of its GDRs

Retrieved on: 
Thursday, August 18, 2022

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • As the Company previously announced, the procedure of Automatic Conversion is provided for by Federal law No 319-FZ On Amendment of Certain Legislative Acts of the Russian Federation effective as of July 14, 2022.
  • This statement does not constitute individual investment, financial or legal advice.
  • Holders of depositary receipts should make an independent decision on how to act in connection with the published statement and, if necessary, contact their investment, legal and other advisors.

Update on amendments of the procedure for conversion of global depositary receipts of PJSC Magnit

Retrieved on: 
Monday, July 18, 2022

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Krasnodar, Russia (July 18, 2022): Magnit PJSC (MOEX and LSE: MGNT; Magnit, the Company), one of Russias leading retailers, notifies on amendments of the laws of the Russian Federation related to the procedure for conversion (cancellation) of the global depositary receipts representing the Companys ordinary shares (the GDRs).
  • The procedure for compulsory conversion of depositary receipts:
    Holders of depositary receipts, which are accounted for by foreign depositaries, who are unable to get Underlying Shares, including due to sanctions, are entitled to apply to the Custodian with a request for compulsory conversion of depositary receipts.
  • Holders of depositary receipts should make an independent decision on how to act in connection with the published statement and, if necessary, contact their investment, legal and other advisors.

Upcoming delisting of GDRs representing PJSC Magnit shares

Retrieved on: 
Wednesday, July 13, 2022

It is anticipated that the delisting and cancellation of admission to trading of the GDRs from the LSE will take effect on 30 August 2022.

Key Points: 
  • It is anticipated that the delisting and cancellation of admission to trading of the GDRs from the LSE will take effect on 30 August 2022.
  • (JPMorgan) on February 20, 2008 (the Deposit Agreement) to JPMorgan under which the GDRs were issued.
  • Accordingly, the Company decided to cancel the listing of the GDRs in light of the upcoming termination of the GDR program.
  • Holders of GDRs have the right to convert their GDRs into ordinary shares of Magnit, subject to, and in accordance with, the procedure specified in the Deposit Agreement and subject to mandatory requirements of Russian law.

Magnit announces the AGM invalid

Retrieved on: 
Friday, July 1, 2022

Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar.

Key Points: 
  • Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar.
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Magnit's local shares are listed on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT).

Magnit notifies on the transactions by the person discharging managerial responsibilities

Retrieved on: 
Monday, June 27, 2022

As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Any forward-looking statement is based on information available to Magnit as of the date of the statement.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Magnit notifies on the transactions by the person discharging managerial responsibilities

Retrieved on: 
Wednesday, June 22, 2022

As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Any forward-looking statement is based on information available to Magnit as of the date of the statement.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Magnit notifies on the transactions by the person discharging managerial responsibilities

Retrieved on: 
Friday, June 17, 2022

As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Any forward-looking statement is based on information available to Magnit as of the date of the statement.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Magnit notifies on the disposal of shares by the entity under the issuer’s control

Retrieved on: 
Wednesday, June 15, 2022

As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Magnit's local shares are listed on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT).
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Magnit notifies on the disposal of shares by the entity under the issuer’s control

Retrieved on: 
Thursday, June 9, 2022

As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Magnit's local shares are listed on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT).
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.