24th Aug 2012 07:43
Press-release
Krasnodar
August 24, 2012
OJSC "Magnit" announces change of share in the charter capital
Krasnodar, August 24, 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 Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors, from 0.0072% to 0%.
Name and position of the person: | Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors |
Company: | Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia |
Share in charter capital before change: | 0.0072% |
Ordinary shares stake before change: | 0.0072% |
Share in charter capital after change: | 0% |
Ordinary shares stake after change: | 0% |
Date of change of share in the charter capital | August 21, 2012 |
Date of the fact being reported: | August 24, 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 March 31, 2012 the chain consisted of 5,104 convenience stores, 91 hypermarkets, 5 "Magnit Family" stores 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 reviewed IFRS consolidated financial statements for 1H 2012, the Company recorded consolidated revenue of approximately US$ 6,776 million and consolidated EBITDA of around US$ 671 million.
Related Shares:
MGNT.L