16th Aug 2012 10:36
Press-release
Krasnodar
August 16, 2012
OJSC "Magnit" announces change of share in the charter capital
Krasnodar, August 16, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces change of share in the charter capital of OJSC "Magnit" (ordinary shares stake) owned by Nikita Churikov, member of the Management Board of OJSC "Magnit", from 0.000001%. to 0.000002%.
Name and position of the person: | Nikita Churikov, member of the Management Board of OJSC "Magnit" |
Company: | Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia |
Share in charter capital before change: | 0.00001% |
Ordinary shares stake before change: | 0.00001% |
Share in charter capital after change: | 0.00002% |
Ordinary shares stake after change: | 0.00002% |
Date of change of share in the charter capital | August 15, 2012 |
Date of the fact being reported: | August 16, 2012 |
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 June 30, 2012 the chain consisted of 5,268 convenience stores, 98 hypermarkets, 5 "Magnit Family" stores and 351 cosmetics stores (drogerie) in 1,461 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 June 30, 2012 the Company operated an in-house logistics system consisting of 16 distribution centers, employing automated stock replenishment systems and a fleet of 4,070 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