11th Feb 2010 07:00
Press-release
Krasnodar
February 11, 2010
Change of share in the OJSC "Magnit" charter capital
The share in the OJSC "Magnit" charter capital (the stake of ordinary shares) owned by Sergey Galitskiy, Chief Executive Officer of OJSC "Magnit", has changed from 40.5442% to 41.0935%.
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Name and position of the person: Sergey Galitskiy, Chief Executive Officer and BOD member of OJSC "Magnit". |
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Company: Open joint-stock company "Magnit", 18, Kolkhoznaya street, Krasnodar, Russia. |
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Share in the charter capital before change: 40.5442% |
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Ordinary share stake before change: 40.5442% |
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Share in the charter capital after change: 41.0935% |
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Ordinary share stake after change: 41.0935% |
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Date of the fact being reported: February 10, 2010. |
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 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, 2009 the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 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, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of December 31, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,453 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for the six months ended June 30, 2009, the Company recorded consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L