12th Aug 2015 09:38
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, August 12
Press-release
Krasnodar
August 12, 2015
PJSC “Magnit” Announces Change of Share in the Charter Capital
Krasnodar, August 12, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC “Magnit" (ordinary shares stake) owned by Marina Ivanova, the member of the PJSC “Magnit” Management Board, from 0.002955% to 0.002115%.
| Name and position of the person: | Marina Ivanova, the member of the PJSC “Magnit” Management Board |
| Company: | Public Joint Stock Company “Magnit”, 15/5 Solnechnaya street, Krasnodar, Russia |
| Share in charter capital before change: | 0.002955% |
| Ordinary shares stake before change: | 0.002955% |
| Share in charter capital after change: | 0.002115% |
| Ordinary shares stake after change: | 0.002115% |
| Date of change of share in the charter capital: | August 7, 2015 |
| Date of the fact being reported: | August 12, 2015 |
For further information, please contact:
| Timothy Post | Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
| Media Inquiries | Media Relations Department [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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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