17th Mar 2016 14:56
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, March 17
Press-release
Krasnodar
March 17, 2016
PJSC “Magnit” Announces the Disposal of Shares by the Entity under the Issuer’s Control
Krasnodar, March 17, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the disposal of shares by the entity which is under the Issuer’s control.
| Full company name and address: | Joint Stock Company “Tander”185, Levanevskogo street, Krasnodar, Russia |
| Taxpayer Id Number: | 2310031475 |
| Principal State Registration Number: | 1022301598549 |
| Object of disposal: | ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Stock Identification Number(ISIN) RU000A0JKQU8. |
| March 14, 2016 | Disposal of shares |
| Amount of disposed shares: | 20,080 shares (0.021235% of the total equity) |
| Basis for disposal: | Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange |
| Amount of votes before disposal: | 80,755 votes (0.085400% of the total number of votes) |
| Amount of votes after disposal: | 60,675 votes (0.064165% of the total number of votes) |
| March 15, 2016 | Disposal of shares |
| Amount of disposed shares: | 15,440 shares (0.016328% of the total equity) |
| Basis for disposal: | Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange |
| Amount of votes before disposal: | 60,675 votes (0.064165% of the total number of votes) |
| Amount of votes after disposal: | 45,235 votes (0.047837% of the total number of votes) |
For further information, please contact:
| Timothy Post | Head of Investor RelationsEmail: [email protected]: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Line: +7-861-277-4562Website: ir.magnit.com/ |
| Media Inquiries | Media Relations [email protected] |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
Related Shares:
MGNT.L