12th Jan 2011 07:00
Press-release
Krasnodar
January 12, 2011
Krasnodar, January 12, 2011: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) announces change of share in the charter capital and ordinary share stake of the BOD and Management Board members.
Name and position | Company | Share in the charter capital before change | Ordinary share stake before change | Share in the charter capital after change | Ordinary share stake after change |
Date of notification
|
Andrey Arutyunyan, First Deputy CEO, Member of BOD | OJSC "Magnit", 18, Kolkhoznaya st., Krasnodar, Russia | 0.2099% | 0.2099% | 0.2151% | 0.2151% | 11.01.2011 |
Valeriy Butenko, Member of BOD | OJSC "Magnit", 18, Kolkhoznaya st., Krasnodar, Russia | 0.0809% | 0.0809% | 0.0833% | 0.0833% | 11.01.2011 |
Khachatur Pombukhchan Chairman of BOD | OJSC "Magnit", 18, Kolkhoznaya st., Krasnodar, Russia | 0% | 0% | 0.0024% | 0.0024% | 11.01.2011 |
Aleksandr Barsukov, Member of Management Board | OJSC "Magnit", 18, Kolkhoznaya st., Krasnodar, Russia | 0% | 0% | 0.0005% | 0.0005% | 11.01.2011 |
Ekaterina Kister, Member of Management Board
| OJSC "Magnit", 18, Kolkhoznaya st., Krasnodar, Russia | 0% | 0% | 0.0001% | 0.0001% | 11.01.2011 |
Aleksandr Pisarenko, Member of Management Board | OJSC "Magnit", 18, Kolkhoznaya st., Krasnodar, Russia | 0% | 0% | 0.0019% | 0.0019% | 11.01.2011 |
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 December 31, 2010 the chain consisted of 4,002 convenience stores, 51 hypermarkets and 2 cosmetics stores (drogerie) in 1,216 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 December 31, 2010 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,642 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2010, the Company recorded consolidated revenue of approximately US$3,448 million and consolidated EBITDA of around US$252 million
Related Shares:
MGNT.L