General Meeting

The Company’s shareholders participate in the Company’s governance by voting on resolutions at the General Shareholders Meetings voting casts significant influence over the Company’s business. The approval of the Annual Report and accounting statements, the distribution of profit, including dividend payments, the election of the Company’s key management and oversight bodies, approval of major and related party transactions, as well as other important issues, all require shareholder approval at the General Meetings.

The procedure for the General Meeting aims to ensure the observance of the shareholder rights and meets all the relevant laws and regulations of the Russian Federation and the applicable legislation of the United Kingdom of Great Britain and Northern Ireland and the European Union. United Kingdom. Процедура проведения общего собрания акционеров направлена на обеспечение соблюдения прав акционеров и отвечает всем требованиям законодательства Российской Федерации.

Shareholders of PJSC “Magnit” held three General Meetings in 2018: two extraordinary general meetings (EGMs) and one annual general meeting (AGM) at which, among other items, the following key resolutions were adopted:

GM and date Quorum Key resolutions

April 19, 2018

  • Election of the new Board of Directors

June 21, 2018

  • Approval of the distribution of profit (including the payment (declaration) of dividends) based on the results of the 2017 reporting year.
  • Approval of new versions of the Charter, the Regulation on the General Meeting of Shareholders, the Regulation on the Board of Directors, and the Regulation on the Collegial Executive Body (Management Board).

December 5, 2018

  • Payment of dividends on PJSC “Magnit” shares based on the results of the first 9 months of the 2018 reporting year