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Press-room / Industry news / Magnit announces EGM results
05.09.2017

Magnit announces EGM results

Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the results of the Extraordinary General Shareholders Meeting and the dividend payment.

Type of the general meeting (annual (ordinary), extraordinary) – extraordinary general shareholders meeting;
Form of the general meeting – absentee voting.

Date, venue and time of the general meeting:

Voting ballots acceptance deadline: August 31, 2017.
Address to which the completed voting ballots were delivered: 15/5 Solnechnaya street, Krasnodar, 350072, Russia.

Quorum of EGM:

Number of votes on the Company’s voting shares on each agenda item of the AGM, determined in accordance with the provisions of the clause 4.20 of the Regulations on the additional requirements to the procedure of preparation, calling and holding of the general shareholders meeting, approved by the order of the Federal Financial Markets Service of Russia as of February 2, 2012, No. 12-6/pz-n:


on the agenda item No.1 “Payment of dividends on PJSC “Magnit” shares following the first half of 2017 reporting year results” – 94,561,345 votes.

Number of votes of shareholders who participated in the general meeting:

on the agenda item No.1 “Payment of dividends on PJSC “Magnit” shares following the first half of 2017 reporting year results” – 78,298,554 votes.

Quorum is present to adopt the decisions on all the agenda items of the extraordinary General shareholders meeting of PJSC “Magnit”.

Agenda:

1. “Payment of dividends on PJSC “Magnit” shares following the first half of 2017 reporting year results”.

Voting results:

On the 1st agenda item “Payment of dividends on PJSC “Magnit” shares following the first half of 2017 reporting year results”:

«for» - 78,298,548 votes, which amounts to 99.999993% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item;
«against» - 0 votes, which amounts to 0.0000% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item;
«abstained» - 0 votes, which amounts to 0.0000% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item.

Adopted decision:

“To pay dividends on PJSC “Magnit” ordinary registered shares following the first half of 2017 reporting year results in the amount of 10,922,782,116.05 rubles (Ten billion nine hundred and twenty two million seven hundred and eighty two thousand one hundred and sixteen rubles five kopecks), which amounts to 115.51 rubles (One hundred and fifteen rubles fifty one kopecks) per share.
To appoint the following dividend record date: September 15, 2017.
The payment of dividends shall be effected in monetary funds in accordance with the procedure and within the time limit established by the legislation of the Russian Federation”.

The minutes w/o No. are executed as of September 1, 2017.

Identification characteristics of securities the holders of which are entitled to participate in the general shareholders meeting of the issuer: ordinary registered uncertified shares, state registration number 1-01-60525-P of 04.03.2004, International Securities Identification Number (ISIN) RU000A0JKQU8.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.