10th Jan 2013 09:44
OJSC MAGNIT - Change of ShareOJSC MAGNIT - Change of Share
PR Newswire
London, January 10
OJSC "Magnit" announces change of share of the BoD members and members of theManagement Board in the charter capital
Krasnodar, January 10, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)announces change of share of the BoD members and members of the ManagementBoard in the charter capital.
Name of issuer
Open Joint Stock Company "Magnit," a company incorporated and existing underthe laws of the Russian Federation with its registered address at 15/5Solnechnaya street, Krasnodar, Krasnodar region, Russian Federation.
On January 10, 2013 the Company has been notified of the following changes ofshare of the BoD members and members of the Management Board in its chartercapital (date of change: January 9, 2013).
Name and Share in Share of ordinary Share in Share of
position charter capital shares owned charter capital ordinary shares before change before change after change after change Arutyunyan 0,2038% 0,2038% 0,2054% 0,2054% Andrey the first deputy CEO, BoD member Butenko 0,0798% 0,0798% 0,0814% 0,0814% Valeriy BoD member Ivanova 0,0061% 0,0061% 0,0063% 0,0063% Marina member of the Management BoardFor 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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H2012, the Magnit recorded consolidated revenues of approximately $6.7 billionUSD and a consolidated EBITDA of $671 million USD.
Related Shares:
MGNT.L