17th Apr 2012 12:02
Press-release
Krasnodar
April 17, 2012
OJSC "Magnit" announces change of share in the charter capital
Krasnodar, April 17, 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, the member of the Management Board of OJSC "Magnit", from 0.00017% to 0%.
Name and position of the person: | Nikita Churikov, the member of the Management Board of OJSC "Magnit" |
Company: | Open joint-stock company "Magnit", 18, Kolkhoznaya street, Krasnodar, Russia |
Share in charter capital before change: | 0.00017% |
Ordinary shares stake before change: | 0.00017% |
Share in charter capital after change: | 0% |
Ordinary shares stake after change: | 0% |
Date of change of share in the charter capital | April 16, 2012 |
Date of the fact being reported: | April 17, 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" 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, 96 hypermarkets 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