22nd Oct 2008 14:25
Press-release
Krasnodar
October 22, 2008
OJSC "Magnit" is pleased to announce the inclusion (transfer) of its ordinary shares from the CJSC "MICEX Stock Exchange" List of non-listed stock (CJSC "MICEX Stock Exchange" List of securities admitted for trading without listing procedure) to the Quotation list "B". The Amendments to the CJSC "MICEX Stock Exchange" List of securities admitted for trading were ratified by the Resolution of the CJSC "MICEX Stock Exchange" Management board on 10.10.2008.
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Securities trade institutor: Close joint-stock company "MICEX Stock Exchange" |
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Type of securities: ordinary nominal shares |
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State registration number of securities' issue and date of state registration: 1-01-60525-Р-004D of 20.03.2008. |
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Number of offered securities: not applicable |
For further information, please contact:
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Oleg Goncharov |
Director, Investor Relations e-mail: [email protected] tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40 -35 Direct line for investors only: +7 (861) 277-45-62 |
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Dina Chistyak |
Manager, Investor Relations e-mail: [email protected] tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 |
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is a holding company for a group of entities that operate in the retail trade under the "Magnit" name. The chain of "Magnit" stores is one of the leading operators in the Russian food retail market. As of June 30, 2008 the chain consisted of 2,312 convenience stores and 9 hypermarkets in more than 760 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500 thousand. Most of its stores are located within the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of June 30, 2008 the Company operated an in-house logistics system consisting of 8 distribution centers, employing automated stock replenishment systems and a fleet of 1,030 vehicles.
In accordance with the audited IFRS consolidated financial statements for 1H2008, the Company posted consolidated revenues of approximately US$ 2,470 million and a consolidated EBITDA of around US$ 158 million.
Related Shares:
MGNT.L