20th Apr 2016 15:22
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, April 20
Press-release
Krasnodar
April 20, 2016
PJSC “Magnit” Announces the Change of Share in the Charter Capital
Krasnodar, April 20, 2016: 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.
On April 20, 2016 the Company was notified of the following changes of share of Marina Ivanova, the Management Board member, in the charter capital.
| Date of change | Share in the charter capital before change | Share of the ordinary shares before change | Share in the charter capital after change | Share of the ordinary shares after change |
| April 15, 2016 | 0,001058% | 0,001058% | 0,0% | 0,0% |
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 March 31, 2016, Magnit operated 34 distribution centers and about 12,434 stores (9,715 convenience, 382 hypermarkets, and 2,337 drogerie stores) in 2,385 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results 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