Public Joint Stock Company Magnit announced that the Board approved the early termination of powers of Jyrki Talvitie as a member of the Management Board effective from April 13, 2020. Jyrki Talvitie remains engaged with the Company and will help to develop the strategy on sustainability. The Board elected Maxim Shchegolev, previously appointed as the Director for Retail chain Development, Real Estate, and Maintenance, to the Management Board of PJSC Magnit effective from April 14, 2020.

The company announced that The Board recommended the AGM the following amount of dividends on PJSC Magnit shares following the results of the 2019 reporting year and the procedure of its payment: Total amount of dividends is RUB 16,000,082,735.00; Amount of dividends per share is RUB 157.00. The Dividend Record Date: June 19, 2020. Subject to shareholders' approval, this tranche will be the second dividend payment for 2019 resulting in the total amount of dividends paid for 2019 of RUB 31 billion. On February 14, 2020 Magnit made the first dividend payment in the amount of about RUB 15 billion (RUB 147.19 per share) for nine months 2019.