13th Apr 2012 07:00
Press-release
Krasnodar
April 13, 2012
OJSC "Magnit" announces the results of the BOD meeting
Krasnodar, April 13, 2012: OJSC "Magnit" (the "Company", "Issuer"; MICEX and LSE: MGNT) is pleased to announce the results of the BOD meeting held on April 12, 2012.
Dear Ladies and Gentlemen!
We would like to inform you that today the BOD meeting was held (minutes of BOD of OJSC "Magnit" are w/o No. of April 12, 2012).
The meeting agenda:
1. Prolongation of power of the Chief executive officer of OJSC "Magnit" for another term,
2. Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on the LLC "AgroTorg" shares owned by the Company,
3. Disposal of share in the charter capital of LLC "AgroTorg" owned by the Company,
4. Approval of related party transactions.
The following BOD members were present: A. Arutyunyan, V. Butenko, S. Galitskiy, K. Pombukhchan, A. Shkhachemukov.
A. Zayonts and A. Makhnev provided their written opinions on the items of the agenda of the BOD meeting of OJSC "Magnit".
The number of the BOD members participated in the meeting, including written opinions of A. Zayonts and A. Makhnev, amounts to not less than half of the number of the BOD members determined by the Charter of the Company.
Quorum to hold the BOD meeting with this agenda is present.
On the items 1-3 of the agenda:
Votes cast is as follows:
A. Arutyunyan - "for", V. Butenko - "for", S. Galitskiy - "for", A. Zayonts - "for", A. Makhnev - "for", K. Pombukhchan - "for", A. Shkhachemukov - "for".
The decisions are made.
On the items 4.1-4.18 of the agenda:
Votes cast is as follows:
A. Arutyunyan - "abstained from voting", V. Butenko - "for", S. Galitskiy - "abstained from voting", A. Zayonts - "for", A. Makhnev - "for", K. Pombukhchan - "abstained from voting", A. Shkhachemukov - "for".
The decisions are made.
Content of decisions:
On the item 1 of the agenda:
"To prolong power of Sergey Galitskiy, the chief executive officer of open joint-stock company "Magnit", for another term - 3 (three) years from 13.04.2012. To authorise Khachatur Pombukhchan, the chairman of the OJSC "Magnit" board of directors, to sign the agreement for prolongation of the employment contract with the sole executive body (chief executive officer) of OJSC "Magnit" on behalf of the Company.
On the item 2 of the agenda:
"To recommend that the sole executive body of OJSC "Magnit" which is the LLC "AgroTorg" shareholder should make the following decision at the exercise of the voting right on the LLC " AgroTorg " shares owned by the Company":
"Being the sole OJSC "AgroTorg" shareholder, in order to increase the Company's net assets to make contribution in the Company's property in the amount of 800,000 (eight hundred thousand) rubles by transfer of monetary funds to the settlement account of the Company within 5 (five) bank days from the day of the decision."
On the item 3 of the agenda:
"To approve disposal of share in the charter capital of Limited liability company "AgroTorg" by concluding the agreement of purchase and sale of share in the charter capital (hereinafter - the agreement) by the Company with the following essentials:
• parties of the transaction: seller - OJSC "Magnit", buyer - the Russian Federation citizen [information is disclosed in compliance with the requirements of the Federal Law "On personal information" ;
• subject of the transaction: purchase and sale of share in the charter capital of Limited liability company "AgroTorg" (location - 12 Tselinogradskaya street, Krasnodar, Krasnodar region, Russian Federation; Principal State Registration Number - 1032309093244; Taxpayer Id. Number - 2315100838) with the nominal value of 10,000 (ten thousand) rubles which amounts to 100 (one hundred) % of the share in the charter capital of LLC "AgroTorg";
• price (amount) of the transaction: 25,376,000 (twenty five million three hundred and seventy six thousand) rubles (price of the disposed share)."
On the item 4.1 of the agenda:
"To approve the transaction of contribution to the property of Limited liability company "AgroTorg" by the Company under the article 27 of the Federal Law "On limited liability companies" and the Charter of LLC "AgroTorg", which the company plans to execute in future and which is the related party transaction with the following essentials:
• beneficial company: Limited liability company "AgroTorg" (location - 12 Tselinogradskaya street, Krasnodar, Krasnodar region, Russian Federation; Principal State Registration Number - 1032309093244; Taxpayer Id. Number - 2315100838);
• subject of the transaction: contribution to the property of LLC "AgroTorg" by OJSC "Magnit" for the purpose of increase of LLC "AgroTorg" net assets;
• price (amount) of the transaction: 800,000 (eight hundred thousand) rubles;
• deadline to fulfill obligations under the transaction: 5 (five) bank days after the date of the decision of the general meeting of participants on the contribution to the property of LLC "AgroTorg" (time of the funds transfer).
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.2 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property:
non-residential store building, with a total space - 1264.6 sq. m, number of floors: 2, number of underground floors: 1, letter N, located at the address: 106a Lenina street, Zheleznovodsk, Stavropol region, cadastral (or identification) number 26:31:0101125:0030:645/174:1000/N;
non-residential building of the store ofice, with a total space - 189.8 sq. m, number of floors: 1, letter N1, located at the address: 106a Lenina street, Zheleznovodsk, Stavropol region, cadastral (or identification) number 26:31:0101125:0030:645/174:1000/N1;
- power receivers: cable line 0.4 kv made of the cable AVBbSHv 3x120+1x75 with a length of 120 m, laid from the transforming substation №83 to the Input Distribution Device of the non-residential premises at 106a Lenina street, Input Distribution Device of the premises, internal electrical equipment.
• lease fee: 509,000 (five hundred and nine thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.3 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property - non-residential building, general store with an extension, with a total space - 1043.4 sq. m, number of floors: 2, letter U, located at the address: 15 Lenina street, Praskoveya village, Budennovsk district, Stavropol region, cadastral (or identification) number 26:20:050209:0031:1995:169:1000:U;
- power receivers: aerial line 10 kv made of the AS cable with a section of 3x50 and length of 25m, laid from the support block №3/6 of the aerial line-10 kv F-243 "Orlovskaya" substation to the closed substation №7/243 with a power of 250 kVA, Closed Transforming Substation №7/243, metering device and all attached power collectors.
• lease fee: 260,850 (two hundred and sixty thousand eight hundred and fifty) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.4 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises, with a total space - 593.5 sq. m, number of the premises in the floor plan: 3-32, the floor on which the premises is situated: 1, letter A, located at the address: 20a Kislovodskaya street, Essentuki, Stavropol region, cadastral (or identification) number 26:30:000000:000:1980/173:1003-1032/A;
- power receivers: metering skid established in the distribution device 0.4 kv of the transforming substation №172, cable line 0.4 kv made of the cable AAB with a section of 4x70 and a length of 800m, laid from the distribution device-0.4 kv of the transforming substation №172 to the Input Distribution Device of the non-residential premises at 20a Kislovodskaya street, Input Distribution Device of the non-residential premises, internal electrical equipment;
• lease fee: 330,000 (three hundred and thirty thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.5 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises, with a total space - 1221.4 sq. m, number of the premises in the floor plan: 40-82, floors on which the premises is situated: 2,3, letter A, located at the address: 11a Ordzhonikidze street, Pyatigorsk, Stavropol region, cadastral (or identification) number 26-26-28/006/2010-453;
- power receivers: cable line 0.4 kv made of the cable AVBbSHv with a section of 4x120 and a length of 25m, laid from the distribution device-0.4 kv of the transforming substation №479 to the Input Distribution Device of the non-residential premises at 11a Ordzhonikidze street, Input Distribution Device of the non-residential premises, internal electrical equipment;
• lease fee: 870,000 (eight hundred and seventy thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.6 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises, letter A, space - 218 sq. m, cadastral (or identification) number: 36:03:14:01:00-00-00:00:126, address: 24 K. Marksa street, Boguchar, Voronezh region, Russia;
- power receivers: branch circuit of the cable line-0.4 kv (AVVG-4x50, 50 m) from the support block №2 of the aerial line-0.4 kv №4 to the building, Input Distribution Device-0.4 kv of the building, internal electrical equipment;
• lease fee: 75,000 (seventy five thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.7 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: "Omega" store premises, purpose: trading, with a total space: 304.6 sq. m, registration number: 11246, cadastral (or identification) number: 23-23-07/008/2005-179, located at the address: 85 Lenina street, Belorechensk, Krasnodar region, Russian Federation, according to the premises plan;
- power receivers: cable line 0.4 kv made of the cable AVVG with a length of 45m, laid from MDB of the residential building to the Input Distribution Device of the non-residential premises at 85 Lenina street, Input Distribution Device of the premises, internal electrical equipment;
• lease fee: 120,000 (one hundred and twenty thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.8 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises №V1, with a total space: 525.5 (five hundred and twenty five point five) sq. m, numbers in the floor plan: 1-19 located on the first floor of the building, letter A, address: 66 Engelsa street, Tsentralniy district, Novorossiysk, Krasnodar region, Russian Federation;
- power receivers: cable line 0.4 kv made of the cable AVBSHv with section of 3x95+1x50 and a length of 270m, laid from the distribution device 0.4 kv of the transforming substation №292 to the Input Distribution Device of the non-residential premises at 66 Engelsa street, Input Distribution Device of the premises, internal electrical equipment;
• lease fee: 280,000 (two hundred and eighty thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.9 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises, with a total space - 393.1 (three hundred and ninety three point one) sq. m, letter A,A1,aa2 located at the address: 164a Vidova street, Primorskiy district, Novorossiysk, Krasnodar region, Russian Federation;
- power receivers: two cable lines 0.4 kv made of the cable AVBbSHv with section of 4x95 and a length of 85m, laid from the distribution device 0.4 kv of the transforming substation №188 to the Input Distribution Device of the non-residential premises at 164a Vidova street, Input Distribution Device of the premises, internal electrical equipment;
• lease fee: 200,000 (two hundred thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.10 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential buildings № 19, 19b, 19v, 22, 22a, 25, 27, 28, 29, 34a, 35, 35a, 35b, with a total space - 468 (four hundred and sixty eight) sq. m, located on the first floor of the building at the address: 25 Fadeeva street, Krymsk, Krasnodar region, Russian Federation;
- power receivers: aerial line 0.4 kv made of self-supporting insulated wire with a section of 4x35 and length of 12m, laid from the support block №1-1 of the aerial line 0.4 kv №4 of the transforming substation №214 to the Input Distribution Device of the non-residential premises at 25 Fadeeva street, Input Distribution Device of the premises, internal electrical equipment.
• lease fee: 190,000 (one hundred and ninety thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.11 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises, purpose: trading, with a total space - 775.9 (seven hundred and seventy five point nine) sq. m, letter A, located at the address: 8 Tobolskaya street, Primorskiy district, Novorossiysk, Krasnodar region, Russian Federation;
- power receivers: cable line 0.4 kv made of the cable AVVG-1 with a section of 3x185+1x95 and a length of 105m, laid from the Input Distribution Device-0.4kv of the residential building №5 located at Tobolskaya street to the Input Distribution Device-0.4 kv of the non-residential premises, internal electrical equipment;
• lease fee: 410,000 (four hundred and ten thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.12 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises, purpose: trading, with a total space - 1530.1 (one thousand five hundred and thirty point one) sq. m, letter A,A1, located at the address: 62/2 Anapskoe shosse/Lunacharskogo street, Primorskiy district, Novorossiysk, Krasnodar region, Russian Federation;
- power receivers: Input Distribution Device-0.4 kv of the non-residential premises located at 62/2 Anapskoe shosse/Lunacharskogo street, internal electrical equipment;
• lease fee: 1,071,070 (one million seventy one thousand seventy) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.13 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential single-storeyed building of "Magnit" store, with a total space - 381.5 (three hundred and eighty one point five) sq. m, letter A,a, registration number: 12474, located at the address: 89 Sovetskaya street, Akhtyrskiy village, Abinsk district, Krasnodar region, Russian Federation;
- power receivers: aerial line 0.4 kv made of self-supporting insulated wire with a section of 4x16 and length of 14m, laid from the support block of the aerial line 0.4 kv of to the Input Distribution Device of the non-residential premises at 89 Sovetskaya street, Input Distribution Device of the premises, internal electrical equipment.
• lease fee: 115,000 (one hundred and fifteen thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.14 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises № 1,5,9,10,11,12,13,14, with a total space - 265 (two hundred and sixty five) sq. m, located on the first floor of the building, letter B, at the address: 23 Proizvodstvennaya street, Sovhozniy village, Slavyanskiy district, Krasnodar region, Russian Federation;
- power receivers: aerial line 0.4 kv made of self-supporting insulated wire with a section of 4x16 and length of 12m, laid from the support block of the aerial line 0.4 to the Input Distribution Device of the non-residential premises at 23 Proizvodstvennaya street, Input Distribution Device of the premises, internal electrical equipment.
• lease fee: 106,000 (one hundred and six thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.15 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: non-residential premises №II, rooms: 1-6, non-residential premises №III-room: 7, with a total space - 368.3 (three hundred and sixty eight point three) sq. m, letter R, located at the address: 117 Kutuzovskaya street, Novorossiysk, Krasnodar region, Russian Federation;
- power receivers: Input Distribution Device of the non-residential premises at 117 Kutuzovskaya street, metering device, internal electrical equipment;
• lease fee: 186,000 (one hundred and eighty six thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.16 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: premises №201, purpose: non-residential, with a total space: 711.7 sq. m, located on the first floor of the building, letter A, at the address: 72 n.a. V.G. Klochkova street, Saratov, Saratov region, Russian Federation;
- power receivers: cable line 0.4 kv made of the cable AVVG with a section of 4x35 and a length of 100m, laid from the distribution device 0.4 kv of the transforming substation №1077 to the Input Distribution Device of the non-residential premises at 72 n.a. V.G. Klochkova street, Input Distribution Device of the non-residential premises, internal electrical equipment;
• lease fee: 430,000 (four hundred and thirty thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.17 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: store, with a total space: 362.9 sq. m, letter A, located at the address: 20 Truzhenikov street, Sovetskiy district, Rostov-on-Don, Russian Federation;
- power receivers: cable line 0.4 kv made of the cable AVBbSHv with a section of 4x70 and a length of 90m, laid from the distribution device 0.4 kv of the transforming substation №436 of the non-residential premises at 20 Truzhenikov street, Input Distribution Device of the non-residential premises, internal electrical equipment;
• lease fee: 210,000 (two hundred and eighteen thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
On the item 4.18 of the agenda:
"To approve the transaction which the company plans to execute in future with JSC "Tander" and which is the related party transaction with the following essentials:
• parties of the transaction: Lessor - OJSC "Magnit", Lessee - JSC "Tander";
• subject of the transaction: The Lessor shall provide the following to the Lessee at a fee for temporary possession and use:
- real property: premises № 201, purpose: non-residential, with a total space - 543.9 sq. m, located on the underground floor and on the first floor of the building, letter A, located at the address: 18 Mezhdunarodnaya street, Saratov, Saratov region, Russian Federation;
- power receivers: aerial line 0.4 kv made of self-supporting insulated wire 2A with a section of 4x35 and length of 400m, laid from the distribution device 0.4 kv of the transforming substation №1263 to the Input Distribution Device of the non-residential premises at 18 Mezhdunarodnaya street, Input Distribution Device of the premises, internal electrical equipment.
• lease fee: 334,000 (three hundred and thirty four thousand) rubles 00 kopecks per month, incl. VAT;
• leasing period: 10 (ten) years.
The price of the property to the possible disposal of which the transaction is related shall not exceed 2% of the balance sheet assets value of the company determined on the basis of the accounting statement for the last reporting period".
For further information, please contact:
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 |
Dina Svishcheva | 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 the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of March 31, 2012 the chain consisted of 5,104 convenience stores, 96 hypermarkets and 266 cosmetics stores (drogerie) in 1,424 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of March 31, 2012 the Company operated an in-house logistics system consisting of 15 distribution centers, employing automated stock replenishment systems and a fleet of 3,922 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 939 million.
Related Shares:
MGNT.L