PJSC Magnit notifies on the transactions by persons discharging managerial responsibilities and persons clearly associated with them (PDMR/PCA)
Krasnodar, Russia (9 February, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, the Group), one of Russia's leading retailers, announces the change of stake of ordinary shares in the charter capital of PJSC Magnit owned by Jan Gezinus Dunning, CEO, President, Chairman of the Management Board, member of the Board of Directors of PJSC Magnit, and the change of share by JSC Tander (a subsidiary of the Company).
On February 8, 2021 as part of the fulfillment of obligations under the employment contract dated January 18, 2019, JSC Tander made the third (last) payment and transferred the remaining 25% of the fixed number of shares - 41,178 ordinary shares of PJSC Magnit - to Jan Dunning. His share in the charter capital of PJSC Magnit increased to 0.216623%.
On February 9, 2021 the Company was notified on the following changes of the share in the charter capital and the stake of ordinary shares owned Jan Gezinus Dunning, CEO and President (Chairman of the Management Board, member of the Board of Directors) of PJSC Magnit.
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Date of change
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Share in the charter capital before change
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Ordinary shares stake before change
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Share in the charter capital after change
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Ordinary shares stake after change
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February 8, 2021
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0.176217% (including 46,226 GDRs, which certify the rights in relation to ordinary shares of PJSC "Magnit" at a ratio of 5 GDRs per 1 ordinary share)
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0.167145%
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0.216623% (including 46,226 GDRs, which certify the rights in relation to ordinary shares of PJSC "Magnit" at a ratio of 5 GDRs per 1 ordinary share)
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0.207551%
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities/person closely associated
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а)
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Name
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Jan Gezinus Dunning
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2
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Reason for the notification
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а)
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Position/status
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CEO, President, Chairman of the Management Board, member of the Board of Directors of PJSC "Magnit"
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b)
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Initial notification/ Amendment
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Initial notification
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3
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Details of the issuer
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а)
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Name
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Public Joint Stock Company "Magnit"
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b)
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LEI
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2534009KKPTVL99W2Y12
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4.1
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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
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а)
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Description of the financial instrument, type of instrument Identification code
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Share
ISIN RU000A0JKQU8
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b)
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Nature of the transaction
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Acquisition of PJSC "Magnit" shares under the Shares Purchase Agreement executed with JSC "Tander" pursuant to the terms of the Labor contract No. w/o dated January 18, 2019 executed between Dunning Jan Gezinus and Public Joint Stock Company "Magnit".
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c)
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Price(s) and volume(s)
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Price (RUB)
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volume
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5,024.00
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41,178
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d)
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Aggregated information
- Aggregated volume
- Price
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Price (RUB)
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Aggregated volume
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5,024.00
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41,178
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e)
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Date of the transaction execution
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February 8, 2021
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f)
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Place of the transaction
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outside a trading venue
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Full company name and address:
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Joint Stock Company Tander
185, Levanevskogo street, Krasnodar, Russia
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Taxpayer Id Number:
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2310031475
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Principal State Registration Number:
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1022301598549
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Object of disposal:
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Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Securities Identification Number (ISIN) RU000A0JKQU8
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Date of disposal:
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February 8, 2021
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Amount of disposed shares:
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41,178 shares (0.040406% of the total equity)
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Basis for disposal:
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Shares Purchase Agreements concluded with Jan Gezinus Dunning for the purposes of fulfilling the obligations under the employment contract w/No dated January 18, 2019, concluded between Jan Gezinus Dunning and PJSC Magnit.
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Amount of votes before disposal:
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4,246,498 votes (4.166855% of the total number of votes)
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Amount of votes after disposal:
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4,205,320 votes (4.126449% of the total number of votes)
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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 December 31, 2020, Magnit operated 38 distribution centres and 21,564 stores (14,911 convenience, 470 supermarkets and 6,183 drogerie stores) in 3,752 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS 16 management accounts results for FY 2020, Magnit had revenues of RUB 1,553.8 billion and an EBITDA of RUB 178.2 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.
.