The authorised capital of PJSC Magnit stands at RUB 1,019,113.55 and comprises 101,911,355 ordinary registered uncertificated shares with a par value of RUB 0.01 each.
The Company has the right to place the ordinary registered shares in the quantity of 98,938,645 at the nominal value of 0.01 rubles (the declared shares) in addition to the placed shares.
Shareholder Structure, %
Information on persons who hold, dispose of votes accounted for and/or are beneficiaries of PJSC “Magnit” shares1
1 — According to information available to PJSC «Magnit» as of January 14, 2022.
2 — Including shares held by VTB Group under repurchase agreements (for more details, please, see the link).
3 — Subsidiary of PJSC Magnit (100% of shares of JSC Tander are owned by PJSC Magnit).
4 — Information is given on shares owned by the members of PJSC Magnit Management Board.
5 — According to PJSC «Magnit» own estimates, based on the Methodology for calculating the free-float ratio used by the Moscow Exchange.
The shares of PJSC Magnit were admitted to trading on the Moscow Exchange on April 24, 2006, and included on the First Level quotation list of the Moscow under the state registration number 1-01-60525-P of 4 March 2004.
The shares of PJSC Magnit (state registration number 1-01-60525-P of 4 March 2004) were included on the non-quotation section of the List of SPB Exchange on June 6, 2014 and admitted to trading on June 9, 2014 (security identification code MGNT, ISIN RU000A0JKQU8).
International identification code
Magnit: index inclusion
Magnit’s shares are included in the following indices of the Moscow Exchange:
On February 20, 2008 the Company signed a depository agreement with JPMorgan Chase Bank N.A., and started issuing Level-1 GDRs with PJSC Magnit shares. Magnit GDRs were admitted to trading on the London Stock Exchange on April 22, 2008. Currently Magnit shares are convertible into GDRs at a ratio of 1:5. Depository services for transactions with GDRs are provided by JPMorgan Chase Bank N.A., custody services — by CB "J.P. Morgan Bank International" (LLC).
GDRs of PJSC Magnit (state registration number 1-01-60525-P of 4 March 2004) were included on the non-quotation section of the List of SPB Exchange on April 21, 2021 and admitted to trading on April 22, 2021 (security identification code MGNT@GS, ISIN US55953Q2021).
NOTIFICATION FOR THE HOLDERS OF THE GLOBAL DEPOSITORY RECEIPTS OF PJSC MAGNIT
On 16 April 2022, the Federal Law No. 114-FZ “On changes to Federal Law ‘On Joint-Stock Companies’ and certain legislative acts of the Russian Federation” ("The Federal Law No. 114-FZ") was published. The Federal Law obliges Russian issuers to stop issuing and/or trading of depositary receipts certifying the rights for underlying ordinary shares of Russian issuers. Provisions of the Federal Law regarding the depositary receipts came into force on 27 April 2022 (the "Effective Date").
The Federal Law No. 114-FZ stipulates, among other things:
- for the purpose of receiving an appropriate number of shares of a Russian issuer upon cancellation of depositary receipts, the holders of such depositary receipts shall be determined as of the Effective Date; and
- the shares of Russian issuers registered in the depo accounts of depository programs do not provide voting rights, are not considered in the vote count, and dividends on such shares are not paid.
The Federal Law No. 114-FZ obliges Russian issuers to take necessary and reasonable steps to terminate Depositary Agreement within 5 business days from the Effective Date, unless they submit an application to continue depositary receipts program in compliance with the procedure established by the Russian Government.
PJSC Magnit has submitted an application to the Ministry of Finance of the Russian Federation to continue the circulation of global depositary receipts representing ordinary shares of PJSC Magnit outside Russia (hereinafter - "Magnit's GDRs". This application has been rejected.
On May 20, 2022, pursuant to the Law No. 114FZ PJSC Magnit gave notice of termination of the Deposit agreement it entered into with JPMorgan Chase Bank, N.A. on February 20, 2008 to JPMorgan Chase Bank, N.A. Magnit’s GDRs were issued under this Deposit agreement.
The holders of Magnit's GDRs may directly contact JPMorgan Chase Bank, N.A. in accordance with the procedure stipulated by the agreement with the Depositary and to discuss with JPMorgan Chase Bank N.A. the possible options for exercising their rights, including the conversion of depositary receipts into PJSC Magnit ordinary shares.
Please follow the links below for more information:
GDR ticker symbols
(London, United Kingdom)
(London, United Kingdom)