7 Dec 2021 16:15
MAGNIT PJSC (MGNT) Magnit announces the changes of the rights of VTB Bank and Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit 07-Dec-2021 / 19:15 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
MAGNIT announces the changes of the rights of VTB Bank and Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit
Krasnodar, December 7, 2021: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the termination of the right of VTB Bank (PJSC) (hereinafter "VTB Bank") to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit (hereinafter - "Votes on Magnit shares" or "Votes"), and the acquisition of the right of Marathon Group1 and Alexander Vinokurov to dispose the Votes.
The Company has been informed of the following: increase of the share of Votes of Marathon Group to 24.99%, and the information that Marathon Group will receive an additional 4.23% of Votes after the FAS of Russia satisfies the corresponding application of Marathon Retail LLC3; decrease of the share of Votes of VTB Bank to 7.727%, including 7,868,427 votes (7.72%) are held by VTB Group2 under the repurchase agreement with Marathon Retail LLC.For more detailed information please see the table and the corresponding notes below.
Notes: 1 - MG MARATHON GROUP (CYPRUS) LTD and its entities, including PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC, Marathon Retail LLC. 2 - VTB Bank and entities included in the group with VTB Bank. 3 - According to the explanations received by Magnit, the Votes of Marathon Group are distributed as follows: 1,103,458 Magnit voting shares (1.08%) are held by Natsbioprodukt LLC; 1,513,601 Magnit voting shares (1.49%) are held by SERENGATE ADVISORS LIMITED; 19,305,710 Magnit voting shares (18.94%) are held by Marathon Retail LLC; in respect of 3.49% of Magnit voting shares the right to dispose Votes is held by Marathon Retail LLC on the basis of the repurchase agreements concluded between Marathon Retail LLC and VTB Group, under which 7, 868, 427 Magnit voting shares (7.72 %) were transferred to VTB Group; in respect of 4.23% of Magnit voting shares Marathon Retail LLC will be provided with the right to dispose Votes after the FAS of Russia satisfies the corresponding application of Marathon Retail LLC based on the above mentioned repurchase agreements.4 - MG MARATHON GROUP (CYPRUS) LTD has acquired the right to indirectly dispose the Votes through PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC. 5 - Alexander Vinokurov has acquired the right to indirectly dispose the Votes through MG MARATHON GROUP (CYPRUS) LTD, PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC. 6 - According to the explanations received by Magnit, 7,868,427 shares held by VTB Bank are subject to repurchase agreements concluded between VTB Group companies and Marathon Retail LLC. Please follow the link below for more information: http://www.e-disclosure.ru/portal/company.aspx?id=7671 (in Russian language); https://www.magnit.com/ru/disclosure/regulatory-news/ (in Russian language); https://www.magnit.com/en/disclosure/regulatory-news/#tabs-Disclosure (in English).
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| 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.: | 128506 |
| EQS News ID: | 1254947 |
| End of Announcement | EQS News Service |
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