16th May 2012 12:58
Press-release
Krasnodar
May 16, 2012
OJSC "Magnit": Change of remuneration to OJSC "Objedinennaya registratsionnaya kompaniya" (ORK)
Krasnodar, May 16, 2012: OJSC «Magnit» (the "Company", the "Issuer"; MICEX and LSE: MGNT) has changed the amount of remuneration to OJSC "Objedinennaya registratsionnaya kompaniya" for dividend payment services.
We would like to inform you that on May 16, 2012 OJSC "Magnit" has changed the amount of remuneration to OJSC "Objedinennaya registratsionnaya kompaniya" (ORK) for services of dividend payment announced by the Issuer, accounting of paid, unpaid and returned dividends. The remuneration amounts to 420 000 rubles excluding VAT.
Full company name and the address:
Open joint-stock company "Objedinennaya registratsionnaya kompaniya"
19, Leninskaya Sloboda str., Moscow, 115280, Russia
Taxpayer Id Number: 7705108630
Principle State Registration Number: 1027700036540
Type of securities, state registration number of the securities issue and the date of registration:
Ordinary registered shares, 1-01-60525-P of March 4, 2004
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" (LSE and MICEX: MGNT, S&P: "BB-") 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, 91 hypermarkets, 5 "Magnit Family" stores 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