19th Dec 2012 08:03
OJSC MAGNIT - Change of ShareOJSC MAGNIT - Change of Share
PR Newswire
London, December 19
OJSC "Magnit" announces change of share in the charter capital
Krasnodar, December 19, 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 theBoard of OJSC "Magnit" directors, from 0.0002 % to 0.0003%.
Name and position of the Khachatur Pombukhchan, the chairman of the Board of person: OJSC "Magnit" directors Company: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital 0.0002% before change: Ordinary shares stake 0.0002% before change: Share in charter capital 0.0003% after change: Ordinary shares stake 0.0003% after change: Date of change of share in December18, 2012 the charter capital Date of the fact being December19, 2012 reported: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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of September 30, 2012 the chainconsisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family"stores and 480 cosmetics stores (drogerie) in 1,504 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of September 30, 2012 Magnit operated an in-house logistics systemconsisting of 17 distribution centers, employing automated stock replenishmentsystems and a fleet of 4,082 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H2012, the Magnit recorded consolidated revenues of approximately $6.7 billionUSD and a consolidated EBITDA of $671 million USD.
Related Shares:
MGNT.L