in 67 regions
and 3,179 cities are covered by online services
Financial Results
Please see the
How to become a shareholder
Shares of PJSC Magnit (hereinafter Magnit, the Company) are traded on the Moscow Exchange and SPB Exchange under the ticker MGNT. In order to buy (sell) shares on the stock exchange, you should contact a professional securities market participant (a broker who is an intermediary between you and the stock exchange).
You can buy PJSC Magnit shares by opening a personal investment account or a brokerage account on the website or via a mobile app of the broker.
The account should be opened after signing a contract for brokerage and custody services.
The account can be deposited in different ways, including by cash through the cash desk, by bank transfer using bank details or with a bank card, depending on the broker’s service conditions. The broker charges a commission at an established rate for each transaction.
You need to choose a terminal that allows you to buy and sell shares, as well as to manage funds in your account opened with the broker.
This can be a smartphone app, a PC programme or an online terminal (website).
Brokers have their own terminals which are usually simple and understandable even for beginners.
The Moscow Exchange uses the “T+2” mode for shares which means that you become the holder of shares on the second business day after the transaction execution.
The rating of brokers is available on the website of
Heirs should apply to a notary (at the place of a deceased shareholder’s residence) to register the inheritance right. In order to get information on the PJSC Magnit shares registered in the personal account of the deceased shareholder, the notary shall submit a corresponding request for information from the register to the Registrar of PJSC Magnit (JSC
Important! When coming into an inheritance by a court decision, the Registrar shall be provided with a notarized copy of the legally effective court decision, a writ of execution, questionnaires of the heirs.
Additional information and application forms are available on the Registrar’s website:
If the rights for shares were registered by a testator in the depository, it is necessary to apply to the corresponding nominal holder (depository), with which the deceased shareholder concluded a deposit agreement, to receive the relevant instructions.
Participation in the General Shareholders Meeting
PJSC Magnit holds the annual General Shareholders Meeting (hereinafter — the AGM) yearly following the results of the reporting year (from 1st of January to 31st of December) no earlier than 2 months and no later than 6 months after the end of the reporting year.
PJSC Magnit holds the extraordinary General Shareholders Meeting (hereinafter — the EGM) at the discretion of the Board of Directors, at the request of the Company’s auditor, or a shareholder(s) holding at least 10% of the Company’s voting shares as at the date of the submission of the request to hold the EGM.
Only shareholders that have been included in the list of persons entitled to participate in the AGM/EGM, compiled as of the dated determined by the Company’s Board of Directors, have the right to participate in the meeting.
Magnit publishes a notice on holding of the AGM/EGM specifying the date of the meeting on its official website on the Internet no later than 30 days (50 days in certain cases determined by regulatory acts) prior to the date of the meeting:
- in the Russia version at:
https://www.magnit.com/ru/shareholders-and-investors/shareholders-meeting/; - in the English version at:
https://www.magnit.com/en/shareholders-and-investors/shareholders-meeting/ .
The AGM/EGM can be held in the form of:
- meeting (joint presence of shareholders); and
- absentee voting.
Voting on the agenda items of the meeting shall be carried out by submitting voting ballots.
You can participate in the AGM/EGM in the following ways:
- participate in the discussion of agenda items of the meeting and vote on them (at the AGM/EGM held in the form of a meeting (joint presence of shareholders) in person (or through a representative);
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without attending the AGM/EGM in person:
- by sending the voting ballots completed in person or by a representative to the address specified in the notice on holding of the meeting;
- by providing the depository that registers the rights for your Magnit’s shares with voting instructions according to the norms of the legislation of the Russian Federation on securities (for persons entitled to participate in the AGM/EGM but not registered in the Company’s shareholder register).
Shareholders holding aggregately at least 2% of the PJSC Magnit voting shares may propose items to the agenda of the AGM and propose candidates to the Board of Directors, and the number of such candidates shall not exceed the overall number of members of the respective body as specified in the Company’s Articles of Association.
Such proposals shall be submitted to the Company no later than 60 days following the end of the reporting year.
If an agenda proposed for the EGM includes the election of members of the Company’s Board of Directors, PJSC Magnit shareholders aggregately holding at least 2% of the Company’s voting shares shall be entitled to propose candidates to the Company’s Board of Directors, and the number of such candidates shall not exceed the overall number of members of the Company’s Board of Directors
Such proposals shall be submitted to the Company at least 30 days prior to the EGM.
A proposal on items to be included in the agenda for the AGM/EGM shall contain the wording of each proposed item and may contain the wording of resolutions on each proposed item.
Any proposals on items to be included in the agenda of the AGM/EGM and proposals on nominees shall be submitted in writing, signed by shareholders or their representatives, and include the names of the submitting shareholders and the number and category (type) of the Company’s shares they hold.
The Company’s shareholders not registered in the Company’s share register may also submit proposals for the agenda of the AGM/EGM and proposals on nominees by giving appropriate instructions to the entity registering their rights to shares.
More information, including information on the documents to be attached to the proposal, is available in the Regulations on the General Shareholders Meeting of PJSC Magnit:
Dividends
Persons who hold PJSC Magnit shares as at the close of business of the date set by the decision of the General Shareholders Meeting and recommended by the Company’s Board of Directors (dividend record date) are entitled to receive dividends.
The dividend record date may not be set earlier than 10 days and later than 20 days after the date when the decision to pay (declare) dividends is passed by the General Shareholders Meeting.
The General Shareholders Meeting upon the recommendation of the Company’s Board of Directors makes a decision on dividend payment, the amount of dividends and the form of payment.
The amount of dividends payable to a shareholder is calculated by multiplying the number of shares held by the shareholder as at the close of business of the dividend record date by the amount of the dividend per share determined by the resolution of the General Shareholders Meeting, minus tax on income received in the form of dividends.
Dividends are paid within 10 business days to a nominee shareholder or a trustee acting as a professional participant of the securities market, listed on the share register, whereas dividends to other persons listed on the share register are paid within 25 business days after the dividend record date.
Dividends are paid to individuals whose rights to shares are recorded in the Company’s share register by wire transfer by distributing them to their bank accounts using account details provided to the Company’s Registrar. If no such details of individual shareholders have been provided, dividends are paid by a postal order to the available address of the shareholder.
Dividends payable to shareholders whose shares of the Company are held on depo accounts in the depository will be transferred to the depository, which in turn will distribute the dividends payable to shareholders to their bank accounts.
Information on dividend payments for previous periods is available at
Personal income tax is withheld from dividends at the moment of dividend payment (clause 4 of article 226 of the Tax Code of the Russian Federation).
When dividends are paid to residents of the Russian Federation, the tax rate is 13% (clause 1 of article 224 of the Tax Code of the Russian Federation). From January 1, 2021 the income of residents with a tax base exceeding 5 million rubles is taxed at 15%.
When dividends are paid to nonresidents of the Russian Federation, the tax rate is 15% (clause 3 of article 224 of the Tax Code of the Russian Federation), unless other rate has been established by the international treaty of the Russian Federation with a foreign country (article 7 of the Tax Code of the Russian Federation).
The tax agent shall withhold and remit the personal income tax to the budget no later than the business day following the day of payment (clauses 4, 6 of article 226 of the Tax Code of the Russian Federation). When calculation the tax payable on income of a shareholder who is a resident of the Russian Federation, the share of the personal income tax calculated and withheld with respect to dividends received by the organization itself is deducted in accordance with the procedure specified in the clause 3.1 of article 214 of the Tax Code of the Russian Federation.
Individuals shall not pay personal income tax on dividends, as the tax agent withholds and remits the personal income tax to the budget.
Individuals receive dividends minus the tax.
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Dividends are most often not distributed to the account of a shareholder due to the fact that the questionnaire (hereinafter — the Questionnaire) of a person registered in the shareholder register contains irrelevant information on the shareholder’s payment details.
More information, as well as a form of the Questionnaire and the procedure of its submission, are available on the website of Joint-Stock Company “Noviy registrator”
https://www.newreg.ru/ -
If your rights for the Company’s shares are registered on a depo account in the depository, you should provide updated personal data to your nominee holder (depository), with which you have concluded a deposit agreement.
It is necessary to timely provide updated information about yourself and your representatives to the Company’s Registrar and your depository. If this information is not updated, you may not receive the information materials for the AGM/EGM, as well as the dividends which are to be paid.
If a shareholder fails to notify of the changes in time, PJSC Magnit, Registrar and depository shall not be liable for any losses incurred.
A person who has not received the declared dividends has the right to apply for the payment of such dividends (unclaimed dividends) within three years from the date of the decision to pay the dividends. The deadline for applying for the payment of unclaimed dividends shall not be renewed in case it is missed, unless the person entitled to receive dividends has submitted such claim under the influence of violence or threat.
After the expiration of such period, the declared and unclaimed dividends shall be returned to the Company’s undistributed profit, and the obligation to pay them shall be terminated.
In order to get a certificate of income and tax amounts of an individual received in the form of dividends for the year in which the income was paid, it is necessary to send an application in a free form signed by the shareholder to the tax agent (i.e., the organisation which directly pays dividends) (clause 3 of article 230 of the Tax Code of the Russian Federation).
If dividends are paid by PJSC Magnit directly to shareholders registered in the register, the tax agent is PJSC Magnit.
If dividends are paid via brokers, trustees (if such trustee is a professional participant of the securities market), depositories, the tax agents are these organisations ( clause 2 of article 226.1 of the Tax Code of the Russian Federation).
If you sell shares between the date of the General Shareholders Meeting and the dividend record date, dividends on shares that had been held by you will be paid to a new shareholder. Please note that the main trading mode used by the Moscow Exchange is T+2. That means that the actual transfer of the title to shares takes place 2 days after the transaction execution.
You will receive dividends if you sell the Company’s shares after the dividend record date.
Questions on Magnit’s operations
Magnit follows the strategy for
Magnit’s strategy is driven by the desire to create value for our three major stakeholders: our consumers, our employees, and our investors.
For more information on Magnit’s strategy please see
Here are the most important metrics that can help you get a better picture of the performance of a retail company:
Revenue — the total amount of money received by the company from the sale of goods for a certain period. Revenue can help you to get a clearer idea of the size of the business and the company’s market share.
Like-for-like (LFL) sales — sales in the same stores. This metric compares sales generated only by the stores that were operational on both the first date and the second date. LFL sales allow you to see the change in sales, without taking into account the expansion (new store openings and M&As).
For example: only the operation results of stores opened before December 31, 2020 will be included in the calculation of LFL sales dynamics in 2022.
Number of new store openings — indicative of the pace at which the retailer is expanding.
Net profit — particularly important for estimating the potential dividend payments and analysing the dividend history.
EBITDA (Earnings before Interest Expenses, Tax, Depreciation & Amortization) — earnings before interest, taxes, depreciation and amortisation.
EBITDA margin — percentage of EBITDA to sales for the same period. This ratio reflects a company’s profitability and allows to compare companies of the same industry. Calculating a company’s EBITDA margin is helpful when gauging the effectiveness of a company’s cost-cutting efforts. The higher a company’s EBITDA margin is, the lower its operating expenses are in relation to sales, and the higher the company’s profitability is. The higher the EBITDA margin, the better.
Net debt / EBITDA — a debt ratio which shows a company’s ability to pay existing loans and borrowings. The ratio indicates how long it will take the company to work with a current cash flow to pay off its liabilities. It is considered that the Net Debt / EBITDA ratio should not exceed 3, but the optimal value of the ratio varies in different industries. The lower the ratio, the better.
You can read the Company’s
Magnit publishes key quarterly operational and financial results on its official website in the
The Company’s consolidated financial statements, the auditor’s report on the statements and other documents required by the applicable law are disclosed in the
Magnit reports its operational and financial results on a quarterly basis. You can see the publication date of the next results in the
We have always tried to operate as a responsible corporate citizen and conduct our operations in a sustainable way. In 2019 we launched a project to systemize this approach and started developing a comprehensive Sustainability strategy, which allowed us to improve on these issues and measure ourselves in a more efficient way against best industry standards.
Our sustainable strategy "Retail with purpose" is firmly based on the 10 principles of the UN Global Compact and their 17 Sustainable Development Goals as well as stakeholder expectations which we always take into consideration in sustainability management.
We have identified 5 different focus areas for our work, each of which have multiple working streams and include target indicators we will undertake to achieve following the results of 2025. The focus areas are:
- Environment
- Sustainable sourcing
- Employees
- Communities
- Health and wellness
For more information on all Magnit’s sustainable development projects please see the
Contacts
Please send your questions to our Investor relations team at